iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Economic Buzz: German Factory Orders Rise 0.8% On Month In October

6 Dec 2022 , 03:09 PM

Despite supply chain issues, Germanys manufacturing orders rebounded in October underpinned by robust foreign demand, data from Destatis revealed. Factory orders posted a monthly growth of 0.8 percent in October, in contrast to the revised 2.9 percent decrease in September. Excluding major orders, there was a decrease of 1.2 percent in manufacturing orders. The 1.9 percent decrease in domestic orders was offset by the 2.5 percent increase in foreign orders. New orders from the euro area advanced 2.6 percent and that from other countries climbed 2.5 percent. Further, data showed that capital goods producers registered a monthly growth of 3.2 percent. By contrast, producers of intermediate goods reported a 1.4 percent fall. Regarding consumer goods, orders declined sharply by 6.3 percent. Year-on-year, the decline in factory orders slowed to 3.2 percent from 9.8 percent. Further, data showed that manufacturing turnover decreased 0.2 percent from September, when it was up 0.4 percent. Compared with October 2021, turnover was 5.5 percent higher. Powered by Commodity Insights

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.