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 May and April by 1.0%. [2] The proportion of large-scale orders was below average for the month of May. New orders for capital goods rose by 2.6%, while the number of new orders for intermediate and consumer goods fell by 0.7% and 2.9% respectively. The rise in incoming orders came from an increase in foreign demand (+3.1%). The volume of domestic orders declined (-1.9%).

The two-month comparison [3] shows a drop of 1.1% in new manufacturing orders. At the same time, however, the average order volume in the reporting period April-May remained at the level of the strong first quarter (+0.3%).

The robust development of incoming orders coupled with the excellent business climate are indicative of a continuing mild expansion in the manufacturing sector.

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[1] Press release by the Federal Statistical Office of 6 July 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] The period April-May compared to the period February-March.