Market Updates: German Factory Orders Down by -1.6% - Forex News by FX Leaders

Market Updates: German Factory Orders Down by -1.6%

Posted Wednesday, February 6, 2019 by
Arslan Butt • 1 min read

The Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in December 2018, to a seasonally and calendar adjusted 1.6% on the previous month.

For November 2018, major orders were reported subsequently. Revision of the preliminary data resulted in a decrease of 0.2% for November 2018 compared to October 2018 (primary: -1.0%).

Price-adjusted new orders without major orders in manufacturing had increased in December 2018 to a seasonally and calendar adjusted 3.5% on the previous month. Domestic orders decreased by 0.6% and foreign orders fell by 2.3% in December 2018.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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