You are here: Home » Reuters » News
Business Standard

German industrial orders dip, but trend still strong

Reuters  |  BERLIN 

(Reuters) - German industrial fell in November for the first time since July, data showed on Monday, easing slightly after a strong run as Europe's largest enjoys robust form.

Factories registered a 0.4 percent drop in November's reading from the confounded expectations in a poll for a 0.5 percent rise.

The data also showed that contracts for 'Made in Germany' goods climbed by a revised 0.7 percent in October, an upward revision from a previously reported rise of 0.5 percent.

The Ministry, detailing the figures, said the fall in November was due to fluctuations in large but added that the trend remained firmly upwards.

"Overall, in the second half of 2017 developed extremely dynamically. This lays the foundation for a strong start to the year in industry," the ministry added.

A breakdown of the data showed domestic fell by 0.4 percent on the month and foreign by 0.5 percent.


said the overall fall "is rather of a technical nature than any sign of weakness.

"With inventories low and capacity utilization at its highest level since 2008, there is little reason to get concerned," he added. "The general trend for industrial production in remains positive."

is enjoying strong domestic demand helped by record-high employment, rising real wages and low borrowing costs while its exporters are benefiting from a global economic recovery.

Last month, the Ifo economic institute said the German will expand by 2.6 percent in 2018, pointing to a broad upswing that is generating employment and buoyant tax revenues.

On Friday, official data showed surged more than expected in November and were estimated to have risen sharply in 2017 overall, supporting the view that private consumption helped growth in last year.

(Reporting by and Paul Carrel; Editing by and Peter Graff)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 16:59 IST