Arbeiter in einem Werk stehen für Auftragseingang im Verarbeitenden Gewerbe.

© Monty Rakusen/cultura/Corbis

According to the Federal Statistical Office [1], new manufacturing orders fell between March and April by 2.1% [2]. The proportion of large-scale orders was below average for the month of April. Adjusted for large orders, the volume of orders remained unchanged in April compared with the previous month (+0.0 %). Manufacturers of capital and consumer goods, respectively registered -3.6% and -0.8% fewer orders than in March. This decline in incoming orders was due to a drop in foreign demand (-3.4 %). The volume of domestic orders remained almost the same (-0.2%).

The two-month comparison [3] shows an increase of 1.8% in new manufacturing orders. Despite this, manufacturing orders in April were 0.2% below the average level seen in the first quarter.

Due to the low volume of large-scale orders, overall order activity was rather weak at the beginning of the second quarter. The slight upward trend in industrial output and sales and the excellent business climate are highly suggestive of a continuation of the gradual economic recovery in the manufacturing sector.

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[1] Press release by the Federal Statistical Office of 7 June 2017.
[2] All figures are based on provisional data and have been adjusted for price, calendar-day and seasonal factors (Census X-12-ARIMA).
[3] March/April compared with January/February.