- German factory orders fell 0.2% month-on-month in April, below estimates.
- On an annual basis, German factory orders increased 78.9% in April.
German factory orders unexpectedly fell in April, suggesting that the manufacturing sector in Europe’s economic powerhouse is not out of the woods yet.
Purchases of ‘Made in Germany’ goods fell -0.2% in the month compared to the + 1.0% expected and + 3.9% from the previous month, as shown by the latest data published by the Federal Statistics Office on Monday.
On an annualized basis, Germany’s industrial orders jumped 78.9% in the reported month compared to 29.2% in the previous month and an expected increase of 17.3%.
About German Factory Orders
The factory requests published by the Deutsche Bundesbank is a measure of the total orders of durable and non-durable goods such as transport (sales), inventories and orders at the manufacturing level which can offer an outlook on inflation and growth in the sector. manufacturer. A result higher than expected is bullish for the euro, while a result below the consensus is bearish.
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