Germany industrial orders fall 1.8% in November from October

08 January 2013 13:49  [Source: ICIS news]

LONDON (ICIS)--Germany’s industrial orders fell 1.8% in November from October, mainly because of lower orders from abroad, the country’s economics ministry said on Tuesday.

November's decline came after a revised 3.8% increase in industrial orders in October from September, the ministry said.

On a two-month sequential comparison - October-November against August-September - industrial orders were up 1.6%. Compared with October-November 2011, orders were down 1.7%.

In a related release on Tuesday, the country’s central bank said that its volume index for November orders in Germany’s chemicals and pharmaceuticals industry fell slightly to 100.3, from 100.5 in October.

Domestic orders in the chemicals and pharmaceuticals industry rose but orders from abroad fell, according the Bundesbank. The index’s base year is 2005.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog

By: Stefan Baumgarten
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