Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Europe’s largest economy saw new manufacturing orders fall during November, data from Destatis showed on Friday.
On a seasonally adjusted basis, new orders in manufacturing fell by 5.3% in November compared with October, according to provisional results.
Foreign orders fell by 8.1%, reflected by the 10.3% decrease in new eurozone orders, and 6.8% decrease in new orders from other countries, when compared with October.
On an annual adjusted basis, orders fell by 11% in November on the previous year.
Turnover in manufacturing increased by 2.1% in November when compared with October, Destatis said. On an annual basis, turnover was a calendar-adjusted 3.5% higher.
Meanwhile, price-adjusted retail turnover in Germany was 0.3% lower in 2022 than in the record year of 2021, according to further data released on Friday.
In 2021, turnover grew a real 0.8% on 2020, and 5.6% on 2019.
The nominal turnover for 2022 was 8.2% higher. Destatis attributed the difference between the real and nominal results to the higher inflation rate recorded in November, up 10% for retail trade.
By Holly Beveridge; Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.