German manufacturing industry records less new orders in November
Views :333
| Exhibition Info
Exhibition Name: German manufacturing industry records less new orders in November
| Exhibition introduction
Price and calendar adjusted new orders in Germany's manufacturing industry decreased 1.3 percent in November 2019 compared to the previous month, the Federal Statistical Office (Destatis) announced on Wednesday.

Although domestic orders increased by 1.6 percent, the manufacturing industry recorded 3.1 percent less new orders from international customers, Destatis noted.

New orders from the eurozone were even down 3.3 percent while those from other countries decreased 2.8 percent, according to Destatis.

Declining international orders would "reflect the overall weakness of the global economy," Michael Groemling with the German Economic Institute (IW) told Xinhua.

While manufacturers of intermediate goods in Germany recorded a 0.2 percent increase in new orders, manufacturers of capital goods such as machinery and equipment recorded a 2.1 percent decrease in new orders.

The German industry had "not achieved a turnaround" by the end of 2019, noted Groemling, adding that trade disputes and multiple geopolitical uncertainties would be "dampening global investment activity" and Germany's capital goods industry was "clearly feeling the effects." Enditem.

Source: Xinhua
经营许可证编号:粤B2-20210752号丨备案号:粤ICP备09029740号
粤公网安备 44011102001662号
技术支持:广东金蜘蛛电脑网络有限公司
Golden Spider Network Co., Ltd.