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German Factory Orders up by 1.0%

Friday, Aug 04 2017
German Factory Orders up by 1.0%

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in June 2017 a seasonally and working-day adjusted 1.0% on the previous month. For May 2017, revision of the preliminary outcome resulted in an increase of 1.1% compared with April 2017 (primary +1.0%). Price-adjusted new orders without major orders in manufacturing had increased in June 2017 a seasonally and working-day adjusted 2.0% on the previous month.

 

In June 2017, domestic orders increased by 5.1% while foreign orders decreased by 2.0% on the previous month. New orders from the euro area were down 2.4%, new orders from other countries decreased 1.5% compared to May 2017. In June 2017 the manufacturers of intermediate goods saw new orders rise by 3.7% compared with May 2017. The manufacturers of capital goods showed decreases of 0.8% on the previous month. For consumer goods, an increase in new orders of 2.3% was recorded.

Last modified on Saturday, 05 August 2017
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