• German factory orders rose more than expected in August

Market news

5 October 2018

German factory orders rose more than expected in August

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in August 2018 a seasonally and calendar adjusted 2.0% on the previous month. For July 2018, there was a decrease of 0.9% compared with June 2018, thus confirming the provisional result published in the previous month. Price-adjusted new orders without major orders in manufacturing had increased in August 2018 a seasonally and calendar adjusted 3.3% on the previous month.

Domestic orders decreased by 2.9% and foreign orders increased by 5.8% in August 2018 on the previous month. New orders from the euro area were down 2.2%, new orders from other countries increased 11.1% compared to July 2018.

In August 2018 the manufacturers of intermediate goods saw new orders fall by 0.1% compared with July 2018. The manufacturers of capital goods showed increases of 3.4% on the previous month. For consumer goods, an increase in new orders of 2.1% was recorded.

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