German orders for the manufacturing sector fell in October amid rising expectations amid continuing problems in the supply chain, which is cutting back on factory activity.
Manufacturing orders fell 6.9% month-on-month in October on adjusted terms, following a revised 1.8% increase in September, according to Destatis.
Economists expected orders to increase by 0.5%.
Orders for intermediate goods decreased by 2.7% on a monthly basis and orders for capital goods decreased by 10.7%.
Regarding consumer goods, orders increased by 4.3%.
Domestic orders increased by 3.4% while international orders decreased by 13.1%. New orders from the eurozone fell 3.2% and new orders from other countries fell 18.1%.
Manufacturing orders fell 1% year-on-year to 1.7% higher than pre-pandemic levels in February 2020.
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Source From: Capital
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