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- German factory orders rose 0.3% in October
German factory orders rose 0.3% in October
Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in October 2018 a seasonally and calendar adjusted 0.3% on the previous month. For September 2018, revision of the preliminary outcome resulted in an increase of 0.1% compared with August 2018 (primary +0.3%). Price-adjusted new orders without major orders in manufacturing had increased in October 2018 a seasonally and calendar adjusted also 0.3% on the previous month.
Domestic orders decreased by 3.2% and foreign orders increased by 2.9% in October 2018 on the previous month. New orders from the euro area were up 7.3%, new orders from other countries increased 0.3% compared to September 2018.
In October 2018 the manufacturers of intermediate goods saw new orders rise by 0.8% compared with September 2018. The manufacturers of capital goods showed increases of 0.4% on the previous month. For consumer goods, a decrease in new orders of 1.7% was recorded.
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