Tin tức thị trường
06.06.2024

Factory orders in Germany continued to decline in April

Data published by the Federal Statistical Office (Destatis) showed that in April, factory orders fell by 0.2%, slowing compared to March (-0.4%, revised from -0.8%). Economists had expected a 0.3% increase. Meanwhile, over the last three months (through April), factory orders decreased by 5.4% compared to the previous three months. However, when large-scale orders are excluded, new orders were 2.9% higher than in March.

Destatis said that in April new orders declined in four branches of manufacturing due to the significantly smaller number of large-scale orders. New orders in the "manufacture of other transport equipment" sector (aircraft, ships, trains) fell by 15.4% m/m. The declines witnessed in the manufacture of computer, electronic and optical products (-5.1%), the manufacture of electrical equipment (-4.1%) and the manufacture of machinery and equipment (-1.5%) were also attributable to the lack of large-scale orders. By contrast, the increase in the automotive industry (+4.1%) had a positive impact on the overall result.

As for sectors, new orders rose in the capital goods sector (+0.5% m/m) and the consumer goods sector (+0.7% m/m). In the intermediate goods sector, new orders decreased by 1.7% m/m.

Meanwhile, foreign orders fell by 0.1% m/m, while new orders from the euro area decreased by 1.4% m/m. By contrast, new orders from the non-euro area increased by 0.6% m/m. Domestic orders declined by 0.3% m/m.

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