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12/6/2023, 8:01 AM (Source: TeleTrader)
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German factory orders down 3.7 % in October

Seasonally and price-adjusted new factory orders in Germany declined by 3.7% in October compared to the previous month, the country's Federal Statistical Office Destatis revealed in a report published on Wednesday.

Foreign orders plunged 7.6% compared to September, while domestic orders rose 2.4%. New orders from the euro area plummeted by 7.6% and new orders from other countries dropped by 7.4% month on month. New orders of intermediate goods decreased by 1.4% and capital goods orders fell by 6%, while orders of consumer goods climbed by 2.8%.

On an annual basis, calendar-adjusted new factory orders shrank 7.3% in October.

Baha Breaking News (BBN) / JJ