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- Germany factory orders rose sharply in June
Germany factory orders rose sharply in June
According to the provisional data from Federal Statistical Office (Destatis), price-adjusted new orders in manufacturing had increased in June 2019 a seasonally and calendar adjusted 2.5% on the previous month. Economists had expected a 0.5% increase. For May 2019, revision of the preliminary outcome resulted in a decrease of 2.0% compared with April 2019 (provisional: -2.2%). Price-adjusted new orders without major orders in manufacturing had decreased in June 2019 a seasonally and calendar adjusted 0.4% on the previous month.
Domestic orders decreased by 1.0% and foreign orders increased by 5.0% in June 2019 on the previous month. New orders from the euro area were down 0.6%, new orders from other countries were up 8.6% compared to May 2019.
In June 2019 the manufacturers of intermediate goods saw new orders increase by 1.3% compared with May 2019. The manufacturers of capital goods showed increases of 3.7% on the previous month. For consumer goods, a decrease in new orders of 0.4% was recorded.
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