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- Huge decline for Germany's factory orders in January
Huge decline for Germany's factory orders in January
Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in January 2018 a seasonally and working-day adjusted 3.9% on the previous month. For December 2017, revision of the preliminary outcome resulted in an increase of 3.0% compared with November 2017 (primary +3.8%). Price-adjusted new orders without major orders in manufacturing had decreased in January 2018 a seasonally and working-day adjusted
-2.4% on the previous month.
In January 2018, domestic orders decreased by 2.8% and foreign orders decreased by 4.6% on the previous month. New orders from the euro area were down 5.9%, new orders from other countries decreased 3.8% compared to December 2017.
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