German factory orders rise sequentially in December

German factory orders rose in the month of December on a sequential basis. Based on provisional data, the Federal Statistical Office reported that the price-adjusted new orders in manufacturing rose 3.8 percent sequentially. Meanwhile, the November data was downwardly revised to a decline of 0.1 percent on a sequential basis. Price-adjusted new orders without major orders in manufacturing had risen in December 2017 a seasonally and working-day adjusted +0.8 percent on the previous month.

Domestic orders rose 0.7 percent sequentially, while foreign orders were up 5.9 percent. New orders from the euro area rose 11.2 percent, while new orders from other nations were up 2.7 percent as compared to November 2017.

The manufacturers of intermediate goods recorded new orders rise of 2.4 percent on a sequential basis in December. The manufacturers of capital goods recorded rises of 5.7 percent on the earlier month. For consumer goods, a drop in new orders of 5.1 percent was recorded.

The price-adjusted turnover in manufacturing in December dropped 0.3 percent on a seasonally adjusted basis. In November 2017, it had risen 4.6 percent sequentially, thereby affirming the provisional result seen in the previous month.

At 14:00 GMT the FxWirePro's Hourly Strength Index of Euro was neutral -3.90104, while the FxWirePro's Hourly Strength Index of US Dollar was slightly bullish at 70.7192. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

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