Schweißer symbolisiert die Entwicklung der Produktion im produzierenden Gewerbe

© Tremblay

According to the Federal Statistical Office [1] , new manufacturing orders rose between August and September by 1.3%, albeit following a drop of -8.8% in August. [2] Orders of capital goods rose by 3.9%, whilst the manufacturers of intermediate and consumer goods reported falls of 2.0% and 1.7% respectively. Excluding large orders, order activity increased slightly, by 0.2%.

The third quarter saw order growth of 1.0% over the second quarter. Adjusted for large orders, however, there was a drop of 3.6%.

New manufacturing orders recently returned to the upward trend seen for some time now, with a moderate rise. This was driven by strong demand from outside the eurozone (+14.9%). In contrast, orders from Germany and the eurozone softened ( 5.9% and 7.3% respectively). The latest figures show that the important areas of automotive and mechanical engineering both expanded significantly (+9.6% and 12.2% respectively). Above-average large orders have played a role in the development in demand over recent months. Overall, manufacturing orders were at a high level, with the third quarter more than 13% above the pre-crisis level of Q4 2019.

[1] Press release by the Federal Statistical Office of 4 November 2021.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (X13 JDemetra+ procedure).