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- Germany factory orders rose sharply in September
Germany factory orders rose sharply in September
According to the provisional report from Federal Statistical Office (Destatis), price-adjusted new orders in manufacturing had increased in September 2019 a seasonally and calendar adjusted 1.3% on the previous month. Economists had expected a 0.1% increase. For August 2019, revision of the preliminary outcome resulted in a decrease of 0.4% compared with July 2019 (provisional: -0.6%). Price-adjusted new orders without major orders in manufacturing had increased in September 2019 a seasonally and calendar adjusted 1.5% on the previous month.
Domestic orders increased by 1.6% and foreign orders rose 1.1% in September 2019 on the previous month. New orders from the euro area were down 1.8%, new orders from other countries increased 3.0% compared to August 2019.
In September 2019 the manufacturers of intermediate goods saw new orders decrease by 1.5% compared with August 2019. The manufacturers of capital goods showed increases of 3.1% on the previous month. For consumer goods, a rise in new orders of 0.8% was recorded.
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