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- German new orders in manufacturing had decreased in September 2016
German new orders in manufacturing had decreased in September 2016
Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in September 2016 a seasonally and working-day adjusted 0.6% on August 2016. For August 2016, revision of the preliminary outcome resulted in an increase of 0.9% compared with July 2016 (primary +1.0%). Price-adjusted new orders without major orders in manufacturing had increased in September 2016 a seasonally and working-day adjusted 1.0% on August 2016.
In September 2016, domestic orders decreased by 1.1% and foreign orders decreased by 0.3% on the previous month. New orders from the euro area were down 4.5% on the previous month, while new orders from other countries increased by 2.5% compared to August 2016.
In September 2016 the manufacturers of intermediate goods saw new orders rise by 0.5% compared with August 2016. The manufacturers of capital goods showed decreases of 1.6% on the previous month. For consumer goods, an increase in new orders of 0.5% was recorded.
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