Arbeiter in einem Werk stehen für Auftragseingang im Verarbeitenden Gewerbe.

© Monty Rakusen/cultura/Corbis

According to the Federal Statistical Office [1], new manufacturing orders rose between August and July by 3.6%. [2] The proportion of large-scale orders was below average. Producers of consumer and intermediate goods in particular saw their orders increase (by +4.8% and +6.7% respectively). Orders for capital goods were also up (+1.6%).

The order trend in industry continues to point upwards. The more meaningful two-month comparison for July/August versus May/June shows an increase of 1.8% in industrial order volumes. The intermediate goods sector also experienced a noticeable increase of 4.2 % in the two-month comparison. Manufacturers of capital and consumer goods recorded a rise in order activity of 0.6% and 0.2% respectively. Excluding large orders, industrial order activity rose by 2.9% in the two-month comparison.

Ordering activity increased once again from the high level reached in the previous period. The good business climate in industry which remains unchanged and the growth in sales confirm this positive trend. Accordingly, the solid upturn in the manufacturing sector is likely to continue.

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[1]  Press release by the Federal Statistical Office of 6 October 2017.
[2] All figures are based on provisional data and have been adjusted for price, calendar-day and seasonal factors (Census X-12-ARIMA).