Market news
07.06.2017, 06:33

German factory orders down 2.1% in April

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in April 2017 a seasonally and working-day adjusted 2.1% on March 2017. For March 2017, revision of the preliminary outcome resulted in an increase of 1.1% compared with February 2017 (primary +1.0%). In April 2017, price-adjusted new orders without major orders in manufacturing remained unchanged seasonally and working-day adjusted compared with March 2017.

In April 2017, domestic orders decreased by 0.2% and foreign orders decreased by 3.4% on the previous month. New orders from the euro area were down 1.4% on the previous month, new orders from other countries decreased 4.8% compared to March 2017.

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