Workers at a plant stand for new orders in the manufacturing sector

© Monty Rakusen/cultura/Corbis

According to the Federal Statistical Office , new manufacturing orders increased by 0.3% in October compared with the preceding month. Orders from abroad, and orders from the eurozone in particular, rose perceptibly by 2.9% and 7.3% respectively. Domestic orders declined by 3.2%. The proportion of large-scale orders was roughly average.

In the two-month comparison of July/August versus September/October, orders increased by 1.4%. Orders for capital goods and consumer goods rose by 2.9% and 1.4% respectively. Orders for intermediate goods saw a decline of 1.0%. While domestic orders in the manufacturing sector were virtually unchanged (+0.1%), orders from abroad (+2.2%) grew considerably especially due to orders from the eurozone (+4.8%).

New orders in the manufacturing sector have thus increased for three consecutive months. The special effect related to the WLTP problems in the automotive industry, however, was still perceptible at the beginning of the fourth quarter. But progress has already been made. The level of new orders in the automotive industry has started improving again after its low point in July, and the backlog of type approvals is gradually tackled.

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[1] Press release by the Federal Statistical Office of 6 December 2018.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (X13 JDemetra+ procedure).