In February 2017, domestic orders increased by 8.1% and foreign orders remaind unchanged on the previous month. New orders from the euro area were down 2.4% on the previous month, new orders from other countries increased 1.6% compared to January 2017. In February 2017 the manufacturers of intermediate goods saw new orders rise by 8.5% compared with January 2017. The manufacturers of capital goods showed increases of 0.3% on the previous month. For consumer goods, an increase in new orders of 2.7% was recorded.
German Factory Orders rose by 3.4%
Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in February 2017 a seasonally and working-day adjusted 3.4% on January 2017. For January 2017, revision of the preliminary outcome resulted in a decrease of 6.8% compared with December 2016 (primary –7.4%). Price-adjusted new orders without major orders in manufacturing had increased in February 2017 a seasonally and working-day adjusted 2.2% on January 2017.
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