Fastener Shanghai
Official WeChat
fastenerfastenerBuyers' Guidefastener
fastenerStandard Searchfastener
fastenerFor Buyersfastener
fastenerFor Suppliersfastener
fastenerTrade Showsfastener
fastenerMy Officefastener
fastenerPost Inquiriesfastener
Home->Fastener News->German manufacturing industry hit by weak euro zon...You are the 581740 visitors
Views:786   |   recommendation:   |   Votes:0   |   Discuss:0
German manufacturing industry hit by weak euro zone trade

Price-adjusted new orders in November 2018 for Germany's manufacturing industry have decreased 1.0 percent on the previous month, the Federal Statistical Office (Destatis) announced on Monday.

New orders from the euro area were hit particularly hard and went down by 11.6 percent while new orders from other countries even increased by 2.3 percent compared to October 2018.

The German industry has "suffered another setback in orders" in November, Michael Groemling from the German Economic Institute (IW) told Xinhua on Monday. "Orders from the euro zone, in particular, collapsed after the strong rise in the previous month. This means that the prospects for German industry remain subdued."

Although German domestic orders increased by 2.4 percent, total orders from other countries decreased by 3.2 percent in November 2018, according to the provisional data.

The manufacturers of capital equipment, "the real big machinery" as a Destatis spokesman explains, showed increases of 1.4 percent in new orders on the previous month. Intermediate goods for the German industry saw orders fall by 4.4 percent and consumer goods recorded a decrease of 3.2 percent.

The price-adjusted turnover in German manufacturing also went down and was 2.4 percent below the previous month. In October 2018, the corrected figure showed an increase of 0.5 percent to September 2018.

However, IW economist Groemling pointed out that "there are no signs of a clear downward or upward trend".

Source: Xinhua

2019/1/9 17:31:00

Previous:    U.S Steel Importers Raise Concerns About Unpredictable Tariff Enforcement
        Next:    Bossard Reports “Another Year of Record Results”

Recent Related News
Factory activity remains mostly robust in Feb--2019-03-13
China remains single largest market for products of German electrical industry in 2018:ZVEI--2019-02-27
China's heavy equipment sales maintain double-digit growth--2019-01-18
China to speed up development of advanced manufacturing--2018-12-29
China to expand advanced manufacturing, domestic market: Official--2018-12-24
China's industrial sector maintains stable operation: survey--2018-12-13
China's industrial robot output up 8.7 pct in Jan-Oct--2018-12-10
Manufacturing PMI narrows in Nov--2018-12-07
China's excavator sales grow 44.9% in October--2018-11-12
China sees fast growth in industrial robots production--2018-07-30
China's new energy power generation sees faster growth--2018-07-19
China's wider manufacturing opening up benefits world--2018-05-23

Vote for this news?

fastener(Very Good)
fastener(Very Bad)

More Discuss...
Your Name: Anonymous

Enter the code shown:fastener0fastener

Fastener Trade Show Suzhou

China Fastener Directory
Get it FREE!
Get your CFD at the following shows:

•WIN EurAsia, Mar 14-17, 2019, Istanbul, Turkey

•Fastener Fair Stuttgart, Mar 19-21, 2019, Stuttgart, Germany

•Fastener Fair India, Apr 25-26, 2019, Mumbai, India

Show Room

Offer Product

Latest News
• Bossard Confirms Record Sales for 2018

• U.S. Cutting Tool Consumption Up 13.4 Percent in January

Buyers' Guide
Company News

• Shanghai Fast-Fix: To Be the Preferred Supplier of Fastening Solutions to Automotive Industry Worldwide

• Dongtai Huawei: One-Stop Supplier of Stainless Steel Fasteners

The Way to Enter Chinese Market
The Way to Enter Chinese Market