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

© Monty Rakusen/cultura/Corbis

According to the Federal Statistical Office [1], new manufacturing orders fell between September and October by 0.4%. [2] Domestic orders and orders from the non-eurozone declined by 3.2% and 4.1% respectively. In contrast, orders from the eurozone increased significantly (+11.1%), also thanks to large orders. Excluding large orders, new manufacturing orders fell by 1.4%.

In the two-month comparison of September/October versus July/August, new manufacturing orders increased by 1.0%. Adjusted for large orders, there was a 0.3% rise in orders.

In the last few months, new orders have stabilised. Business expectations have also improved slightly. Economic activity in the manufacturing sector, however, continues to be weak. The prospects for the manufacturing sector in the last quarter of the year thus remain subdued.

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[1] Press release by the Federal Statistical Office of 5 December 2019.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (X13 JDemetra+ procedure).