Anasayfa / Genel / Factory Orders in Germany Decreased in September – Last Minute Economy News

Factory Orders in Germany Decreased in September – Last Minute Economy News

According to provisional veri released by the German Federal Statistical Office (Destatis), orders for products manufactured in the country decreased by 4% in September compared to the previous month.

The market expectation for factory orders was a 0.5 percent monthly decrease. Orders decreased by 10.8% compared to September 2021.

The aforementioned veri for August was revised upwards and updated with a 3% increase versus the 2.4% decline.

In Germany, domestic orders rose 0.5% month-on-month in September, while overseas orders fell 7%. In the aforementioned period, new orders from the euro zone decreased by 6.3 percent compared to August and orders from other countries to Germany decreased by 8 percent.

“WE SEE A WEAK FOURTH QUARTER”

In the country, orders from producers of intermediate goods fell by 3.5% and orders for capital goods by 6% on a monthly basis. Orders from consumer goods producers, on the other hand, increased by 7.2 percent.

In the statement from the German Ministry of Economy and Energy, it is stated that the outlook for the sector continues to gökyeşitözü pessimistic in light of the high energy prices, which are increasingly affecting consumers.

“A weak fourth quarter appears to gökyeşitözü in sight, following the surprisingly positive development of gross domestic product in the third quarter,” the note read.

The cooling of the global economy, the shortage of materials and especially the energy crisis are currently affecting the German manufacturing sector.

GDP IS EXPECTED TO REDUCE BY 0.4 PERCENTAGE

A survey by the German Chamber of Industry and Commerce (DIHK) found that around 82% of German companies see “energy and commodity prices” kakım a risk to their business.

Germany is facing a spiral of energy crisis triggered by Moscow’s decision to cut off the flow of gas through the Nord Stream 1 pipeline.

As war woes in the region continue to weigh on energy supplies, the German government is rushing to keep the industry wheels on, the lights on, and the homes heated this winter.

According to economists, high energy prices are causing a drop in consumer purchasing power and making production unprofitable for many companies.

The German government expects GDP to grow by 1.4% this year and shrink by 0.4% next year.

Follow News on social media


İlginizi Çekebilir

Dow Jones, enflasyon raporunun ardından tarihin en yüksek üçüncü kapanışını kaydetti, gözler Fed kararına çevrildi

ABD borsaları, yatırımcıların Çarşamba günü Fed’in faiz oranı duyurusunu beklemesi ve son enflasyon verilerinin faiz …

Bir yanıt yazın

E-posta adresiniz yayınlanmayacak. Gerekli alanlar * ile işaretlenmişlerdir

Bu site, istenmeyenleri azaltmak için Akismet kullanıyor. Yorum verilerinizin nasıl işlendiği hakkında daha fazla bilgi edinin.