German factory orders seem to have fallen in November

German factory orders are expected to have dropped in November. According to a Societe Generale research report, German factory orders are likely to have fallen 3 percent in sequential terms after a stronger than expected rise of 4.9 percent month-on-month in October.

In all, orders in the fourth quarter of 2016 are expected to rise considerably when compared with the third quarter, and assure strong industrial production well into the first quarter of 2017. Domestic order is likely to fall more than foreign orders in November, mostly due to very strong domestic capital goods orders in October, said Societe Generale. Momentum in production has rebounded considerably since the summer and resilient demand is also likely in the months ahead.

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