Latest news with #industrialorders
Reuters
06-08-2025
- Business
- Reuters
German industrial orders unexpectedly fall in June on subdued foreign demand
BERLIN, Aug 6 (Reuters) - German industrial orders unexpectedly fell in June, declining for a second straight month, due to falling demand from abroad, a trend that looks set to continue due to increased tariffs on exports to the United States, data showed on Wednesday. Orders were down by 1% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said. A Reuters poll of analysts had pointed to a rise of 1.0% after industrial orders fell 0.8% in May. The official May figure had been revised from an earlier estimate of a 1.4% drop. Foreign orders fell 3.0% on the month, while domestic ones rose 2.2%. Those from outside the euro zone dropped 7.8%, while inside the euro zone, they grew by 5.2%. "The decline in orders from outside the euro zone was particularly noticeable, which could be an indication of U.S. tariffs taking effect," said Commerzbank senior economist Vincent Stamer. "This means that an upturn in industrial orders is still a long way off." The new U.S. tariffs of 15% on goods from the European Union, which come into effect Thursday, are making German-made goods more expensive for its most important export customer. The economy ministry said it was not surprising that incoming orders were subject to strong fluctuations given the high levels of trade and geopolitical uncertainty. "In light of the now likely permanent increase in tariffs on exports to the U.S., the industrial sector is likely to be characterized by subdued foreign demand in the future," it said. June's negative development was primarily due to a 23.1% month-on-month drop in orders for other transport equipment, such as aircraft, ships, trains, military vehicles. Orders also fell in the automotive industry and among manufacturers of metal products. Excluding big-ticket orders, which are often highly volatile, new orders were 0.5% higher in June than in the previous month. The less volatile three-month on three-month comparison showed that new orders in the period from April to June were 3.1% higher than in the previous three months.
Reuters
06-08-2025
- Business
- Reuters
German industrial orders fall 1% in June
Aug 6 (Reuters) - German industrial orders fell in June, declining by 1% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Wednesday. A Reuters poll of analysts had pointed to a rise of 1.0%. The statistics office publishes more economic data on its website, opens new tab.
Reuters
04-07-2025
- Business
- Reuters
German industrial orders fall 1.4% in May
July 4 (Reuters) - German industrial orders fell much more than expected in May due to a one-off effect, official data showed on Friday. Orders declined by 1.4% on the previous month on a seasonally and calendar adjusted basis. A Reuters poll of analysts had pointed to a fall of 0.1%. The slump was primarily due to the substantial decline of 17.7% month-on-month in orders in the computer, electronic and optical products sector, where several large-scale orders were recorded in April. Furthermore, strong decreases were also observed in the electrical equipment and basic metals sectors. Foreign orders rose by 2.9% on the month, with orders from the euro zone decreasing by 6.5% and orders from outside the euro area increasing by 9.0%. Domestic orders fell by 7.8% on the month, the statistics office said. The less volatile three-month on three-month comparison showed that new orders in the period from March to May were 2.1% higher than in the previous three months.
Reuters
05-06-2025
- Business
- Reuters
German industrial orders unexpectedly rise in April
June 5 (Reuters) - German industrial orders unexpectedly rose in April thanks to strong domestic demand, the federal statistics office said on Thursday. Orders rose by 0.6% on the previous month on a seasonally and calendar-adjusted basis. A Reuters poll of analysts had pointed to a fall of 1.0%. The less volatile three-month on three-month comparison showed that new orders in the period from February to April were 0.5% higher than in the previous three months. The statistics office also revised the data for March to a 3.4% increase on the month, instead of the previous 3.6%. Foreign orders fell by 0.3% on the month, with new orders from the euro zone increasing by 0.5% and new orders from outside the euro zone declining by 0.9%. Domestic orders rose by 2.2% on the month, the statistics office said.
Free Malaysia Today
07-05-2025
- Business
- Free Malaysia Today
German factory orders jumped ahead of US tariffs
New orders, closely watched as an indicator of future business activity in Germany, jumped 3.6% month-on-month, according to Destatis data. (EPA Images pic) FRANKFURT : German industrial orders rose faster than expected in March, official data showed today, partly driven by companies rushing to stock up on goods ahead of sweeping US tariffs. It represented rare positive news for Europe's struggling top economy, but observers warned it was too early to conclude a sustainable recovery was underway as US levies could weigh later in the year. New orders, closely watched as an indicator of future business activity in Germany, jumped 3.6% month-on-month, according to preliminary data from federal statistics agency Destatis. Analysts surveyed by financial data firm FactSet had forecast a rise of just 0.5%. Orders had stagnated in February. The economy ministry said in a statement the March increase 'may be partly due to anticipatory effects in response to the announced US tariff increases'. However, it also noted increased demand for 'Made in Germany' goods from other European countries, suggesting a 'revival in investment activity'. Nevertheless, a 'renewed weakening of the industrial economy over the further course of the year cannot be ruled out' amid US President Donald Trump's tariff blitz, the ministry warned. Trump has hit nearly all US trading partners with a baseline 10% tariff rate, which came into effect in April, as well as other levies on specific sectors. The hardball US trade policy is threatening to push export-oriented Germany into recession for a third straight year. The US was Germany's top trading partner in 2024, receiving huge quantities of its cars, chemicals and pharmaceuticals. March's jump in industrial orders was driven by increases in key areas like the auto sector, mechanical engineering and electrical equipment, according to Destatis. 'Overseas orders rose by 4.7% and domestic orders were up 2%,' it said. Weak global demand, fierce competition from China and high energy prices have battered Germany's industrial sector, which accounts for about one fifth of its economic output. Reviving the economy is a key challenge for new Chancellor Friedrich Merz, but a hoped-for recovery this year now looks set to be derailed by Trump's tariffs.
