According to the Federal Statistical Office , new manufacturing orders rose between December and January by 5.5%.  This was not least due to large-scale orders. However even without taking large-scale orders into account, new orders were up 2.3%. New domestic orders rose by 1.3%. In contrast, there were increases of 15.1% and 7.8% respectively in orders from the eurozone and the non-eurozone, which were particularly due to some large contracts.
In the two-month comparison of December/January versus October/November, new manufacturing orders increased slightly, up 0.2%. Adjusted for large orders, new orders rose by 0.5%.
In addition to large orders, the release of pent-up demand resulting from the days taken off by the workforce in December to bridge the gap between the Christmas holidays and the weekend are also likely to have played a role in January. Overall, industrial output has stabilised in the last few months. Companies’ business expectations have brightened for five months in a row. This suggests that industrial activity is close to its turning point. However, it remains to be seen what effect the new risks posed by the coronavirus will have.
 Press release from the Federal Statistical Office of 6 March 2020.
 All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (X13 JDemetra+ procedure).