Worker in a factory symbolize the development of new manufacturing orders; Source: Monty Rakusen/cultura/Corbis

© Monty Rakusen/cultura/Corbis

According to the Federal Statistical Office [1], new manufacturing orders rose between 2 January and February by 1.2%.[2] Demand for capital goods increased by2.1%, whereas demand for consumer goods fell by 1.9%. Orders of intermediate goods saw a slight increase of 0.5%. Excluding large orders, order activity rose by 1.5%.

In the two-month comparison of January/February versus November/December, orders saw a slight increase of 0.5%. Adjusted for large orders, the increase was somewhat more pronounced (+1.7%).

Thus, the upward trend in new manufacturing orders is continuing. For the fifth consecutive month, they exceed the level of February 2020, the last month before the outbreak of the pandemic. The most recent surge was driven by increased domestic demand (+4.0%), whereas foreign orders saw a slight decline (-0.5%). In particular, orders in the critical automotive (+3.4%) and mechanical engineering (+2.2%) sectors continued to develop favourably.

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[1] Press release by the Federal Statistical Office of 8 April 2021.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (X13 JDemetra+ procedure).