Germany November industrial orders +0.3% vs +1.0% m/m expected

  • Latest data released by Destatis - 8 January 2024
  • Prior -3.7%; revised to -3.8%

This series has been a bit of a volatile one in recent months due to one-off factors but appears to be normalising a little towards the year-end. Domestic orders were up 1.4% on the month while foreign orders declined by 0.4%. Looking at the breakdown:

  • Capital goods +0.8%
  • Consumer goods +1.1%
  • Intermediate goods -0.4%

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