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 June and July by 0.7%. [2] Manufacturers of consumer goods, in particular, registered -3.0% fewer orders. Orders of capital and intermediate goods were also lower compared to the previous month. Excluding large orders, order activity rose by 0.6% in July.

New orders are trending slightly upwards. As an average for the months of June and July, the volume of orders was 1.1% higher than in the two preceding months and the three-month comparison also shows an increase (+0.4 %). Excluding large orders, new orders are also trending upwards (three-month comparison: +1.0%).

Ordering activity is currently very high. Over the past three months, German companies have received almost as many orders as they did before the economic and financial crisis hit in 2008. Industrial turnover and the indicators of market sentiment confirm this positive trend. The indicators signal that the solid upturn in the manufacturing sector is continuing.

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