• Germany factory orders unexpectedly fell in February

Market news

4 April 2019

Germany factory orders unexpectedly fell in February

According to the report from Federal Statistical Office (Destatis), price-adjusted new orders in manufacturing had decreased in February 2019 a seasonally and calendar adjusted 4.2% on the previous month. Economists had expected a 0.3% increase. For January 2019, revision of the preliminary outcome resulted in a decrease of 2.1% compared with December 2018 (provisional: -2.6%). Price-adjusted new orders without major orders in manufacturing had decreased in February 2019 a seasonally and calendar adjusted 2.7% on the previous month.

Domestic orders decreased by 1.6% and foreign orders fell by 6.0% in February 2019 on the previous month. New orders from the euro area were down 2.9%, new orders from other countries decreased 7.9% compared to January 2019.

In February 2019 the manufacturers of intermediate goods saw new orders fall by 0.9% compared with January 2019. The manufacturers of capital goods showed decreases of 6.0% on the previous month. For consumer goods, a decrease in new orders of 3.5% was recorded.

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