German Factory Orders Slumped in November 2014

January 8th, 2015
in econ_news

Econintersect:  German factory orders declined for the first time in three months in November 2014,  The drop of 2.4% was much larger than had been expected (-0.8%, according to Bloomberg).  November reversed most of the 2.9% gain in October.  Orders for November 2014 were 0.4% less than the same month a year ago.  Domestic factory orders declined much more (-4.7%) than for export (-0.7%).

Click for larger picture with wider view of German toy factory at BBC News.
german-toy-factory-380x170

Follow up:

Econintersect cautions reading much significance into a single monthly reading.  Factory orders are extremely noisy and continually oscillate between growth and contraction.  The nature of the data is evident in the 1-year and 4-year graphs of factory orders from Trading Economics.

germany-factory-orders-2014-nov

germany-factory-orders-2011-2014-nov

Sources:















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