Des ouvriers dans une usine symbolisant les entrées de commandes dans les industries manufacturières

© Monty Rakusen/cultura/Corbis

According to the Federal Statistical Office [1], new manufacturing orders rose between June and July by 2.8%. [2] In particular, orders of capital goods dropped slightly, by 0.4%. Intermediate goods saw an increase of 9.5%, and orders for consumer goods were basically flat (+0.2%). Excluding large-scale orders, orders grew by 6.2%.

In the two-month comparison of June/July against April/May, the stringent shutdown in April and the recovery from May onwards resulted in an overall rise in new orders of 37.0%. Domestic demand was similarly strong (+35.9%), as was demand from the eurozone (+40.1%) and the non-eurozone (+36.6%).

Following the initial recovery in May and the strong recovery in June, the rise in new orders in the manufacturing sector slowed in July. It is likely to continue in the coming months: this is suggested by the fall in the number of people in short-time work and the improved business expectations of the companies.

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[1] Press release by the Federal Statistical Office of 4 September 2020.
[2] All figures are based on provisional data and have been adjusted for price, calendar, and seasonal factors (X13 JDemetra+ procedure).