Development of new manufacturing orders in September 2020

© Monty Rakusen/cultura/Corbis

According to the Federal Statistical Office [1], new manufacturing orders rose between August and September by 0.5%. [2] Demand for intermediate and consumer goods increased by 4.0% and 2.6% respectively, whereas capital goods registered a 2.0% decline. Excluding large-scale orders, new orders rose by 4.5%.

The third quarter recorded a 29.1% increase in new manufacturing orders compared to the previous quarter. Domestic demand rose by 15.5%, and there was a surge of 41.0% and 40.4% respectively in orders from the eurozone and the non-eurozone.

After an initial strong recovery following the lockdown in April, the industrial sector is continuing to slowly find its way out of the crisis. Recently, new manufacturing orders have almost reached their level of Q4/2019 before the outbreak of the coronavirus pandemic (99.4%). September witnessed a broad-based economic recovery that was being supported by both domestic and foreign demand.

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[1] Press release by the Federal Statistical Office of 5 November 2020.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (X13 JDemetra+ procedure).