Press release No. 362 of 18 September 2019
WIESBADEN – Based on provisional data, the price adjusted stock of orders in manufacturing in July 2019 remained unchanged seasonally and calendar adjusted on the previous month, as reported by the Federal Statistical Office (Destatis). This applies to the domestic as well as to the foreign orders not yet completed. The stock of orders comprises the total of new orders received by the end of the reference month which have not led to any turnover and have not been cancelled by that time.
Unfilled orders for producers of intermediate goods in July 2019 were by 0.2% lower than in the previous month. Regarding producers of capital goods and consumer goods, the stock remained at the level of the previous month.
In July 2019, the range of the stock of orders in manufacturing was 5.7 months (previous month also 5.7 months). The range indicates for how many months establishments, theoretically, would have to produce goods until all orders on hand are filled - with turnover remaining constant and without any new orders being received. It is calculated as the ratio between the current stock of orders and average turnover per month in the respective branch.
For the producers of intermediate goods, the range of the stock of orders in July 2019 was 2.9 months, for the producers of capital goods 8.0 months and for consumer goods 2.1 months. In all three sectors, the range of the stock of orders remained unchanged at the level of the previous month.
Methodological notes:
The data on unfilled orders are based on the volume index of the stock of orders in manufacturing, seasonally and calendar adjusted by means of the X13 JDemetra+ method. The index of the stock of orders covers only selected branches of manufacturing, as does the index of new orders.
Detailed data are available from the GENESIS-Online database (42155-0004 indices of the stock of orders and 42113-0001 ranges of the stock of orders).
