German industrial orders mom actual 3.9% (forecast 0.5%, previous -1.6%)
Real (price adjusted) new orders in manufacturing were up 3.9% in June 2024 month on month after seasonal and calendar adjustment. Previously, new orders had declined for five months in a row.
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Open account Try demo Download mobile app Download mobile appThe positive development of new orders in manufacturing in June 2024 was mainly attributable to the substantial increase seen in the automotive industry (+9.3% on the previous month), increases recorded in the “manufacture of fabricated metal products” sector (+9.8%) and the "manufacture of other transport equipment" sector (aircraft, ships, trains; +11.7%)
Germany's DAX rose briefly after the orders data was released. Source: xStation
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