German manufacturing orders fall unexpectedlyStaff Writer | September 7, 2017
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.
Germany Revision of the preliminary outcome
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.
In July 2017 the manufacturers of intermediate goods saw new orders fall by 0.4% compared with June 2017.
The manufacturers of capital goods showed decreases of 0.7% on the previous month. For consumer goods, a decrease in new orders of 3.0% was recorded.
The price-adjusted turnover in manufacturing in July 2017 was down a seasonally and working-day adjusted 0.1% on the previous month. In June 2017, the corrected figure shows an increase of 0.5 (primary +0.3%). ■