January Industrial Orders in Germany Show Sharp Decline

Thursday, 7 March 2024, 07:00

Germany's industrial orders plummeted by 11.3% in January compared to the expected decline of 6.0%. The data comes after a significant rise in orders in December primarily driven by aircraft orders involving Airbus. Despite the headline figures indicating a severe drop, the recent volatility in the industrial orders series and the influence of the surge in aircraft orders need to be considered.

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Germany January Industrial Orders

Prior +8.9%

This series has been particularly volatile over the last few months, so there is a caveat to the reading above. The big drop in January comes after a big rise in industrial orders in December. The latter owed to a surge in aircraft orders involving Airbus at the end of last year. As such, things are not as bad as the headline reading would suggest.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Germany January Industrial Orders

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