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- Germany factory orders unexpectedly declined in January
Germany factory orders unexpectedly declined in January
According to the provisional data from Federal Statistical Office (Destatis), price-adjusted new orders in manufacturing had decreased in January 2019 a seasonally and calendar adjusted 2.6% on the previous month. For December 2018, major orders were reported subsequently. Revision of the preliminary data resulted in an increase of 0.9% for December 2018 compared to November 2018 (provisional: -1.6%). Price-adjusted new orders without major orders in manufacturing had decreased in January 2019 a seasonally and calendar adjusted 2.5% on the previous month.
Domestic orders decreased by 1.2% and foreign orders fell by 3.6% in January 2019 on the previous month. New orders from the euro area were down 2.6%, new orders from other countries decreased 4.2% compared to December 2018.
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