Press Manufacturing in October 2021: new orders down 6.9% on the previous month

Turnover 3.6% higher than in the previous month; new orders up 1.7% compared with pre-crisis level

Press release No. 553 of 6 December 2021

New orders in manufacturing:
October 2021 (in real terms, provisional):
-6.9% on the previous month (seasonally and calendar adjusted)
-1.0% on the same month a year earlier (calendar adjusted )

September 2021 (in real terms, revised):
+1.8% on the previous month (seasonally and calendar adjusted)
+10.3% on the same month a year earlier (calendar adjusted )

WIESBADEN – Real (price adjusted) new orders in manufacturing decreased by 6.9%, on a seasonally and calendar adjusted basis, in October 2021 compared with September 2021, according to provisional results of the Federal Statistical Office (Destatis). Not including major orders, a 1.8% decrease in new orders in manufacturing was recorded in October 2021.

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Compared with October 2020, new orders were 1% lower on a calendar adjusted basis, this was the first decrease since September 2020. New orders in the period January to October 2021 as a whole increased by 20.8% on the same period a year earlier. Compared with February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany, new orders in October 2021 were 1.7% higher in seasonally and calendar adjusted terms.

Domestic orders went up 3.4% in October 2021 on the previous month. Foreign orders declined by 13.1%. New orders from the euro area decreased by 3.2%. The fall in new orders from other countries amounted to 18.1% in the current month (last month +15.7%), influenced by the abscense of major orders in the sector of manufacture of machinery and equipment.

Producers of intermediate goods saw new orders in October 2021 fall 2.7% on the month before. The producers of capital goods recorded a decrease of 10.7%. Regarding consumer goods, orders went up 4.3%.

After revision of provisional results for September 2021, an increase of 1.8% on August 2021 was recorded (provisional figure: +1.3%).

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Turnover up 3.6% on the previous month

According to provisional figures, real turnover in manufacturing (seasonally and calendar adjusted) increased 3.6% in October 2021 compared with September 2021. Compared with October 2020, turnover was by a calendar adjusted 2.6% lower.

Compared with February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany, turnover in October 2021 was 7.1% lower in seasonally and calendar adjusted terms.

For September 2021, revision of the preliminary outcome resulted in a decrease of 0.1% compared with August 2021 (provisional: -0.3%).

Methodological note:

The differing comparative periods must be taken into account in all press releases on short-term indicators. Short-term economic monitoring focuses on comparisons with the previous month or previous quarter. These reflect short-term economic trends. A calendar adjusted comparison with the previous year is intended to offer a long-term comparison of levels and is independent of seasonal fluctuations. Due to strong temporary decreases and increases during the current coronavirus crisis, the results of month-on-month/quarter-on-quarter and year-on-year comparisons may differ considerably. To enable a direct comparison with the pre-crisis level, all press releases on short-term indicators available in seasonally adjusted form will, for the time being, also include a comparison with February 2020 or the 4th quarter of 2019.

The data on new orders and on turnover are based on the volume index of manufacturing, calendar and seasonally adjusted by means of the X13 JDemetra+ method.

New orders and turnover are covered and evaluated in accordance with the Classification of Economic Activities, 2008 edition (WZ 2008). New orders are covered only in selected branches of manufacturing.

Detailed data and long time series are available from the GENESIS-Online database: indices of new orders (42151-0004) and indices of new orders excluding large-scale orders (42151-0008) and turnover indices (42152-0004).

Crisis Monitor enables comparison between corona crisis and financial/economic crisis

The index of new orders is also part of the “Crisis Monitor“ (www.destatis.de/krisenmonitor), by means of which the Federal Statistical Office compares the development of major short-term indicators in the corona crisis and the financial and economic crisis of 2008/2009. The “Crisis monitor” complements the “Corona statistic“ webpage, which has provided statistical information on the economic and social consequences of the corona pandemic.

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