German factory orders dropping like a stone – “Steepest decline in factory orders”

BREAKING BRITANNIA NEWS

The fourth and final quarter of 2019 showed German factory orders taking a massive hit. Here’s what was said…

Germany’s industrial orders dropped by 2.1 percent month-over-month in December 2019, missing market expectations of a 0.6 percent advance and following a downwardly revised 0.8 fall in the previous month.

This was the steepest decline in factory orders since February, mainly due to a 4.5 percent decrease in foreign orders, with new orders from the Euro Area tumbling 13.9 percent and those from other countries growing 2.1 percent.

Meanwhile, domestic demand rose by 1.4 percent. By category, demand fell for both capital (-3.9 percent) and consumer goods (-3.8 percent), while orders for intermediate goods went up (1.4 percent).

Germany’s industrial orders dropped by 2.1 percent month-over-month in December 2019

Here’s what the future projections hold for German factory orders.

Factory Orders in Germany is expected to be -0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Factory Orders in Germany to stand at 0.60 in 12 months time.

In the long-term, the Germany Factory Orders is projected to trend around 0.50 percent in 2021, according to our econometric models.

Factory Orders in Germany is expected to be -0.70 percent by the end of this quarter.

Considering the UK has left the EU the downwards trend for the EU continues…

Economic information provided by: Trending Economics

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