In April 2017, domestic orders decreased by 0.2% and foreign orders decreased by 3.4% on the previous month. New orders from the euro area were down 1.4% on the previous month, new orders from other countries decreased 4.8% compared to March 2017. In April 2017 the manufacturers of intermediate goods saw new orders rise by 0.1% compared with March 2017. The manufacturers of capital goods showed decreases of 3.6% on the previous month. For consumer goods, a decrease in new orders of 0.8% was recorded.
German Factory Orders fell more than expected
Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in April 2017 a seasonally and working-day adjusted 2.1% on March 2017. For March 2017, revision of the preliminary outcome resulted in an increase of 1.1% compared with February 2017 (primary +1.0%). In April 2017, price-adjusted new orders without major orders in manufacturing remained unchanged seasonally and working-day adjusted compared with March 2017.
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