Economic Indicators

German industrial orders unexpectedly fall in April

2024.06.06 03:53

(Reuters) – German industrial orders unexpectedly fell in April, marking the fourth month in a row of decreases, due to a significantly smaller number of large-scale orders compared with the previous month, according to federal statistics office data on Thursday.

New orders were down by 0.2% month on month on a seasonally and calendar-adjusted basis. Economists polled by Reuters had expected a rise of 0.5%.

“The negative trend that has persisted since the beginning of the year is thus continuing, albeit at a much slower pace,” said the economy ministry.

However, excluding the often highly volatile large-scale orders, April orders were up 2.9% on the month.

© Reuters. FILE PHOTO: Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023.     REUTERS/Wolfgang Rattay/File Photo

“Together with the more positive sentiment indicators, this gives hope that the downward trend that has persisted for more than two years is coming to an end,” said Commerzbank (ETR:) economist Ralph Solveen.

The ministry also referred to improved sentiment indicators, “which should also lead to a trend reversal in incoming orders.”



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,141.29 4.21%
ethereum
Ethereum (ETH) $ 3,475.94 2.18%
tether
Tether (USDT) $ 0.999561 0.08%
xrp
XRP (XRP) $ 2.28 1.86%
bnb
BNB (BNB) $ 706.71 3.34%
solana
Solana (SOL) $ 195.89 2.29%
dogecoin
Dogecoin (DOGE) $ 0.33084 3.20%
usd-coin
USDC (USDC) $ 1.00 0.03%
staked-ether
Lido Staked Ether (STETH) $ 3,475.57 2.35%
cardano
Cardano (ADA) $ 0.912002 1.58%
tron
TRON (TRX) $ 0.256148 1.53%
avalanche-2
Avalanche (AVAX) $ 40.73 4.06%
chainlink
Chainlink (LINK) $ 24.56 2.56%
the-open-network
Toncoin (TON) $ 5.95 5.31%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,132.22 2.22%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 2.76%
sui
Sui (SUI) $ 4.48 0.49%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,890.23 4.23%
hedera-hashgraph
Hedera (HBAR) $ 0.312726 1.95%
stellar
Stellar (XLM) $ 0.384172 3.29%
polkadot
Polkadot (DOT) $ 7.42 2.09%
weth
WETH (WETH) $ 3,474.56 2.15%
hyperliquid
Hyperliquid (HYPE) $ 28.19 0.43%
bitcoin-cash
Bitcoin Cash (BCH) $ 465.43 0.45%
leo-token
LEO Token (LEO) $ 9.51 0.96%
uniswap
Uniswap (UNI) $ 13.90 0.20%
litecoin
Litecoin (LTC) $ 108.73 1.62%
bitget-token
Bitget Token (BGB) $ 5.60 14.17%
pepe
Pepe (PEPE) $ 0.000019 2.03%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,668.37 2.24%
near
NEAR Protocol (NEAR) $ 5.49 0.73%
ethena-usde
Ethena USDe (USDE) $ 0.999549 0.02%
aave
Aave (AAVE) $ 374.48 0.07%
internet-computer
Internet Computer (ICP) $ 11.29 4.83%
usds
USDS (USDS) $ 1.00 0.10%
aptos
Aptos (APT) $ 9.59 1.91%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.516441 2.56%
crypto-com-chain
Cronos (CRO) $ 0.158534 1.58%
vechain
VeChain (VET) $ 0.052204 6.03%
mantle
Mantle (MNT) $ 1.26 5.36%
ethereum-classic
Ethereum Classic (ETC) $ 27.56 1.33%
render-token
Render (RENDER) $ 7.56 1.57%
bittensor
Bittensor (TAO) $ 514.75 4.72%
monero
Monero (XMR) $ 196.35 4.93%
whitebit
WhiteBIT Coin (WBT) $ 24.89 2.10%
mantra-dao
MANTRA (OM) $ 3.77 0.33%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.36 1.10%
dai
Dai (DAI) $ 1.00 0.04%
arbitrum
Arbitrum (ARB) $ 0.800479 0.01%
filecoin
Filecoin (FIL) $ 5.34 3.02%