German Manufacturing New Orders Fall In November, Domestic Orders Up

WIESBADEN – Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in November 2019 a seasonally and calendar adjusted 1.3% on the previous month. For October 2019, revision of the preliminary outcome resulted in an increase of 0.2% compared with September 2019 (provisional: -0.4%). This revision was caused by modified seasonal adjustment. Price-adjusted new orders without major orders in manufacturing had increased in November 2019 a seasonally and calendar adjusted 1.0% on the previous month.

Domestic orders increased by 1.6% and foreign orders fell 3.1% in November 2019 on the previous month. New orders from the euro area were down 3.3%, new orders from other countries decreased 2.8% compared to October 2019.

In November 2019 the manufacturers of intermediate goods saw new orders increase by 0.2% compared with October 2019. The manufacturers of capital goods showed decreases of 2.1% on the previous month. Consumer goods saw new orders unchanged. – \Germany Federal Statistics Office