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, 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.