Market Updates: German Factory Orders Down by -1.6%

The Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in December 2018.


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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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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