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German Factory Orders fell by 0.7%

Wednesday, Sep 06 2017
German Factory Orders fell by 0.7%

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in July 2017 a seasonally and working-day adjusted 0.7% on the previous month. For June 2017, revision of the preliminary outcome resulted in an increase of 0.9% compared with May 2017 (primary +1.0%).

Price-adjusted new orders without major orders in manufacturing had increased in July 2017 a seasonally and working-day adjusted 0.6% on the previous month. In July 2017, domestic orders decreased by 1.6% and foreign orders compared in July 2017 with the previous month. New orders from the euro area were down 1.0%, new orders from other countries increased 0.6% compared to June 2017.

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