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- Huge rise for german factory orders in December
Huge rise for german factory orders in December
Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in December 2017 a seasonally and working-day adjusted 3.8% on the previous month. For November 2017, revision of the preliminary outcome resulted in a decrease of 0.1% compared with October 2017 (primary -0.4%). Price-adjusted new orders without major orders in manufacturing had increased in December 2017 a seasonally and working-day adjusted +0.8% on the previous month.
In December 2017, domestic orders increased by 0.7% and foreign orders increased by 5.9% on the previous month. New orders from the euro area were up 11.2%, new orders from other countries increased 2.7% compared to November 2017.
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