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 October and November by 1.3%. [2] Domestic orders rose by 1.6% while orders from the eurozone and the non-eurozone declined by 3.3% and 2.8% respectively. Excluding large orders, new manufacturing orders rose by 1.0%.

In the two-month comparison of October/November versus August/September, new manufacturing orders increased slightly, up 0.1%.

The development of new orders have stabilised at a low level in the last few months. At the same time, the business expectations in the manufacturing industry have also brightened somwhat. The outlook for industrial activity has improved slightly.

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[1] Press release by the Federal Statistical Office of 8 January 2020.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (X13 JDemetra+ procedure).