Germany Factory Orders Fall Unexpectedly In November

Germany's factory orders decreased unexpectedly in November, figures from Destatis revealed Wednesday.


New orders in manufacturing fell 1.3 percent, confounding expectations for an increase of 0.2 percent. Orders had increased by a revised 0.2 percent in October.


Domestic orders grew 1.6 percent, while foreign orders fell 3.1 percent in November. Demand from the euro area was down 3.3 percent and that from other countries decreased 2.8 percent.


On a yearly basis, factory orders plunged 6.5 percent after easing 5.6 percent a month ago. Economists had forecast an annual decrease of 4.7 percent.


Data showed that manufacturing turnover dropped 0.5 percent on month, following a 0.1 percent decrease in October.



0 views
Logo

MONEY
MOVING

by WooHoo Ireland

+353-214-651-000

Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |info@woohooai.com

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram