German New orders in manufacturing in July 2015: –1.4% seasonally adjusted on the previous month

WIESBADEN – Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing in July 2015 decreased a seasonally and working-day adjusted 1.4% on June 2015. In June 2015, the increase on the previous month showed a corrected –1.8% (primary +2.0%) In July 2015, domestic orders increased 4.1% while foreign orders decreased 5.2% on the previous month. As regards the direction of trade in foreign transactions, new orders from the euro area were up 2.2% on the previous month, new orders from other countries decreased 9.5%.

In July 2015 the manufacturers of intermediate goods recorded decreases in new orders of 0.2% on the previous month and capital goods decreased 1.6%. For consumer goods, a decrease in new orders of 6.3% was recorded.

The rates of change are based on the volume index of new orders for manufacturing (2010 = 100). Seasonal and working day adjustment is done using the Census X-12-ARIMA method.