German Factory Orders Are Down

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Das Ordervolumen in der Industrie hat sich von M?rz auf April vorl?ufigen Angaben zufolge[2] preis- und saisonbereinigt[3] um 2,9% verringert, nachdem es im Monat zuvor deutlich angestiegen war (+2,1%). Der Nachfrager?ckgang im April war vor allem auf die Abnahme der Auftragseing?nge aus dem Ausland zur?ckzuf?hren (-5,2%). Die Bestellt?tigkeit im Inland verringerte sich demgegen?ber weniger deutlich (-0,6%).

German Economy and Labour Ministry

Doesn’t this just serve me right, and illustrate Murphy’s law. The first bit of news after I decide to ditch Bloomberg is only available in German! Still, and now cribbing shamfacedly from Bloomberg, I think it is saying:

Factory orders in Germany, Europe’s largest economy, dropped in April for a third month in four……… Orders fell 2.9 percent from March, when they gained 2.1 percent.

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".

2 thoughts on “German Factory Orders Are Down”

  1. Industrial order volume in april dropped by 2.9% corrected for inflation and season. It had risen 2.1% in the previous month. Export orders: -5.2% Inland orders: -0.6%

    Comparing pairs of months march+april vs. january+february: -0.4% export: -1.3% inland: +0.5%
    Vorleistungsg?ter (what ever that be – possibly semi finished goods): -1.1%
    investment goods: +0.1%
    consumer goods: +0.2%

    greatest changes: inland investment: +3.3%
    inland consumer: +1.4%

    compared to previous year: -0.5% export ,+2.1% inland: -2.8%

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