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- German factory orders rose more than expected in October
German factory orders rose more than expected in October
Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in October 2017 a seasonally and working-day adjusted 0.5% on the previous month. For the third time in a row, German companies have thus received more orders as they did before the economic and financial crisis end of 2007. For September 2017, revision of the preliminary outcome resulted in increase of 1.2% compared with August 2017 (primary +1.0%). Price-adjusted new orders without major orders in manufacturing had decreased in October 2017 a seasonally and working-day adjusted -1.0% on the previous month.
In October 2017, domestic orders increased by 0.4% and foreign orders increased by 0.5% on the previous month. New orders from the euro area were down 1.2%, new orders from other countries increased 1.6% compared to September 2017.
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