Worker in a factory symbolize the development of new manufacturing orders; Source: Monty Rakusen/cultura/Corbis Enlarge

© Monty Rakusen/cultura/Corbis

According to the Federal Statistical Office[1], new manufacturing orders rose between February and March by 1.0%.[2] The proportion of large-scale orders was average for the month of March. The producers of consumer and capital goods saw their orders increase (by 5.5% and 3.7% respectively). The orders for intermediate goods fell by 3.7%. Whilst there was strong demand from abroad (+4.8%), the domestic orders decreased, falling by 3.8%.

In the first quarter of 2017, the volume of new orders was somewhat lower (-1.0%) than in the very strong fourth quarter of 2016 (+4.3%). However, the volume of orders at the end of the first quarter of 2017 was slightly higher (+0.8%) compared with the average volume in the last quarter of 2016.

Ordering activity in the manufacturing sector continues to be high and has picked up over the last two reference months. Unadjusted for calendar-day and seasonal effects, March even was a record month (reaching 132.1 index points). The economic situation in the manufacturing sector continues to be positive. This is also reflected by the fact that business climate indicators have considerably improved.

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[1] Press release by the Federal Statistical Office of 8 May 2017.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (Census X-12-ARIMA).