• German new orders in manufacturing had decreased in July 0.9%

Market news

6 September 2018

German new orders in manufacturing had decreased in July 0.9%

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in July 2018 a seasonally and calendar adjusted 0.9% on the previous month. For June 2018, revision of the preliminary outcome resulted in a decrease of 3.9% compared with May 2018 (primary -4.0%). Price-adjusted new orders without major orders in manufacturing had decreased in July 2018 a seasonally and calendar adjusted 2.0% on the previous month.

Domestic orders increased by 2.4% and foreign orders decreased by 3.4% in July 2018 on the previous month. New orders from the euro area were down 2.7%, new orders from other countries decreased 4.0% compared to June 2018.

In July 2018 the manufacturers of intermediate goods saw new orders rise by 1.5% compared with June 2018. The manufacturers of capital goods showed decreases of 2.7% on the previous month. For consumer goods, a decrease in new orders of 0.5% was recorded.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.