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German factory orders -4.0% seasonally adjusted on the previous month

Monday, Aug 06 2018
German factory orders -4.0% seasonally adjusted on the previous month

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in June 2018 a seasonally and calendar adjusted 4.0% on the previous month. For May 2018, there was an increase of 2.6% compared to April 2018, thus confirming the provisional result published in the previous month. Price-adjusted new orders without major orders in manufacturing had decreased in June 2018 a seasonally and calendar adjusted 3.2% on the previous month.

Domestic orders decreased by 2.8% and foreign orders decreased by 4.7% in June 2018 on the previous month. New orders from the euro area were down 2.7%, new orders from other countries decreased 5.9% compared to May 2018. In June 2018 the manufacturers of intermediate goods saw new orders fall by 2.3% compared with May 2018. The manufacturers of capital goods showed decreases of 4.7% on the previous month. For consumer goods, a decrease in new orders of 4.5% was recorded.

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