• German factory orders down 0.4% in November

Market news

8 January 2018

German factory orders down 0.4% in November

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in November 2017 a seasonally and working-day adjusted 0.4% on the previous month. For October 2017, revision of the preliminary outcome resulted in an increase of 0.7% compared with September 2017 (primary +0.5%). Price-adjusted new orders without major orders in manufacturing had increased in November 2017 a seasonally and working-day adjusted +1.8% on the previous month.

In November 2017, domestic orders decreased by 0.4% and foreign orders decreased by 0.5% on the previous month. New orders from the euro area were up 0.7%, new orders from other countries decreased 1.2% compared to October 2017.

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