In November 2016, domestic orders decreased by 2.8% and foreign orders by 2.3% on the previous month. New orders from the euro area were down 2.7% on the previous month, new orders from other countries decreased by 2.0% compared to October 2016. In November 2016 the manufacturers of intermediate goods saw new orders rise by 0.5% compared with October 2016. The manufacturers of capital goods showed decreases of 4.8% on the previous month. For consumer goods, an increase in new orders of 1.5% was recorded.
German Factory Orders down by 2.5%
Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in November 2016 a seasonally and working-day adjusted 2.5% on October 2016. For October 2016, revision of the preliminary outcome resulted in an increase of 5.0% compared with September 2016 (primary +4.9%). Price-adjusted new orders without major orders in manufacturing had decreased in November 2016 a seasonally and working-day adjusted 0.6% on October 2016.
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