German industrial orders fall less than expected in october
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German industrial orders dropped 1.5% in October, less than expected. Foreign demand rises, while domestic orders decline.
German Industrial Orders: Smaller-Than-Expected Decline in October
In October 2024, industrial orders in Germany showed a smaller-than-expected decline. According to data released by the Federal Statistical Office (Destatis), orders fell 1.5% month-on-month, a less severe drop than the 2% analysts had forecasted.
Positive Revision for September
The October result follows a 4.2% increase in September, which was revised upwards from an initial estimate of a 5.8% drop.
Year-on-Year Growth
Despite the monthly contraction, industrial orders were up 5.7% compared to the same month last year, signaling some resilience in the longer term.
Sector Breakdown
Looking deeper into the figures, domestic orders fell 5.3%, while foreign orders rose 0.8%. However, the foreign demand was mixed: orders from the Eurozone dropped 7.6%, while orders from non-EU countries increased by 6.3%.
The performance of industrial orders in Germany in October reflects a complex dynamic, with weak domestic demand but positive trends in foreign markets, offering some hope for a partial recovery in the country's manufacturing sector.
German Industrial Orders: Smaller-Than-Expected Decline in October
In October 2024, industrial orders in Germany showed a smaller-than-expected decline. According to data released by the Federal Statistical Office (Destatis), orders fell 1.5% month-on-month, a less severe drop than the 2% analysts had forecasted.
Positive Revision for September
The October result follows a 4.2% increase in September, which was revised upwards from an initial estimate of a 5.8% drop.
Year-on-Year Growth
Despite the monthly contraction, industrial orders were up 5.7% compared to the same month last year, signaling some resilience in the longer term.
Sector Breakdown
Looking deeper into the figures, domestic orders fell 5.3%, while foreign orders rose 0.8%. However, the foreign demand was mixed: orders from the Eurozone dropped 7.6%, while orders from non-EU countries increased by 6.3%.
The performance of industrial orders in Germany in October reflects a complex dynamic, with weak domestic demand but positive trends in foreign markets, offering some hope for a partial recovery in the country's manufacturing sector.