Manufacturing orders slip for first time in for months in Germany
![](https://assets.bizclikmedia.net/138/cca4e48b32702cd800fc84cc487441b5:e3d620f56b8927eaa1a4519f6054a77c/gettyimages-183044811-0-jpeg.webp)
German manufacturing orders fell in November of last year, being the first dip since July 2017, according to the Financial Times.
The gauge dropped by 0.4% in November from October on a seasonally and working day adjusted basis.
The results differ from the Reuters forecasted 0.5% rise, which is anticipated to be the result of a decline in domestic and international demand.
October’s reading was also corrected from 0.5% to 0.7% according to the Federal Statistics Office.
SEE ALSO:
-
Europe is leading the 4th Industrial Revolution technologies market
-
Neovia to manage construction and operations of Schaeffler’s €180mn facility
“Today’s drop in new orders should not ruin the current German growth party. In fact, the decrease comes after three consecutive increases and is rather of a technical nature than any sign of weakness,” reported Carsten Brzeski, and Economist at ING.
In November, Germany’s domestic and foreign orders delinked by 0.4% and 0.5%, respectively.
Eurozone orders increased by 0.7%, whilst orders from other countries fell by 1.2%.
According to Claus Vistesen, an Economist at Petheon Macroeconomics, the rise in European orders “chimes with the story of a continued cyclical upturn in the wider euro area economy at the end of last year.”
- An Executive Outlook in the Face of Economic Uncertainty
- Morocco: Africa’s Leading Automotive Manufacturing HubSmart Manufacturing
- China’s economy lags as factories urged to pick up the paceProcurement & Supply Chain
- Make UK: Manufacturing Economic Growth Forecast to DoubleSmart Manufacturing