German factory orders rose more than expected in August

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in August 2017 a seasonally and working-day adjusted 3.6% on the previous month. For July 2017, revision of the preliminary outcome resulted in decrease of 0.4% compared with June 2017 (primary -0.7%). Price-adjusted new orders without major orders in manufacturing had increased in August 2017 a seasonally and working-day adjusted 2.5% on the previous month.

In August 2017, domestic orders increased by 2.7% and foreign orders by 4.3% on the previous month. New orders from the euro area were down 1.0%, new orders from other countries increased 7.7% compared to July 2017.

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