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In Foreign Affairs

German factory orders are continuing to decline

7th October 2019

German factory orders are continuing to decline Pin It

Factory orders in Germany fell again in August. This data was presented by the German Federal Statistical Office.

Orders fell 0.6 percent on a monthly basis. Economists generally expected that order intake would decrease by 0.3 percent. In July there was a downward revised decline in orders of 2.1 percent. Previously it was a decrease of 2.7 percent.

According to the statistics office, domestic order intake contracted by 2.6 percent on a monthly basis, while foreign orders fell by 0.9 percent. On the other hand, there was a substantial fall in foreign orders in July, especially from countries outside the euro zone. In August, non-euro area countries showed a slight order growth of 0.4 percent.

On an annual basis, German factory orders fell by 6.7 percent, following a decrease by a likewise revised 5 percent a month earlier.

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