• German factory orders declined 1.0% in November

Market news

7 January 2019

German factory orders declined 1.0% in November

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in November 2018 a seasonally and calendar adjusted 1.0% on the previous month. For October 2018, revision of the preliminary outcome resulted in an increase of 0.2% compared with September 2018 (primary +0.3%). Price-adjusted new orders without major orders in manufacturing had decreased in November 2018 a seasonally and calendar adjusted 0.8% on the previous month.

Domestic orders increased by 2.4% and foreign orders decreased by 3.2% in November 2018 on the previous month. New orders from the euro area were down 11.6%, new orders from other countries increased 2.3% compared to October 2018.

In November 2018 the manufacturers of intermediate goods saw new orders fall by 4.4% compared with October 2018. The manufacturers of capital goods showed increases of 1.4% on the previous month. For consumer goods, a decrease in new orders of 3.2% was recorded.


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