Press release No. 004 of 6 January 2022
New orders in manufacturing:
November 2021 (in real terms, provisional):
+3.7% on the previous month (seasonally and calendar adjusted)
+1.3% on the same month a year earlier (calendar adjusted )
October 2021 (in real terms, revised):
-5.8% on the previous month (seasonally and calendar adjusted)
+0.1% on the same month a year earlier (calendar adjusted )
WIESBADEN – Real (price adjusted) new orders in manufacturing increased by 3.7%, on a seasonally and calendar adjusted basis, in November 2021 compared with October 2021, according to provisional results of the Federal Statistical Office (Destatis). This means a recovery after the strong decline of 5.8% in the previous month. Not including major orders, an 3.8% increase in new orders in manufacturing was recorded in November 2021. October 2021, according to provisional results of the Federal Statistical Office (Destatis). This means a recovery after the strong decline of 5.8% in the previous month. Not including major orders, an 3.8% increase in new orders in manufacturing was recorded in November 2021.
Compared with November 2020, new orders were 1.3% higher on a calendar adjusted basis. New orders in the period January to November 2021 as a whole increased by 18.8% 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 November 2021 were 6.6% higher in seasonally and calendar adjusted terms.
In November 2021 the largest increase in new orders (+32.0%) was recorded in the manufacture of other transport equipment (aircraft, ships, trains etc.) for which extensive major orders were reported. New orders in the manufacture of motor vehicles, trailers and semi-trailers were up by 7.0%, after they had been down by 4.7% in October 2021.
The strong growth in new orders was attributable to foreign orders which increased by 8.0%. New orders from the euro area rose by 13.1%. New orders from other countries amounted to 5.0% in the current month. Domestic orders went down 2.5% in November 2021 on the previous month.
Producers of intermediate goods saw new orders in November 2021 rose 1.2% on the month before. The producers of capital goods recorded an increase of 5.3%. Regarding consumer goods, orders went up 3.8%.
After revision of provisional results for October 2021, a decrease of 5.8% on September 2021 was recorded (provisional figure: -6.9%). The deviation from the provisional result is due to late reporting of major orders in the manufacture of basic metals and of machinery and equipment.
Turnover up 4.1% on the previous month, but 3.4% under pre-crisis level
According to provisional figures, real turnover in manufacturing (seasonally and calendar adjusted) increased 4.1% in November 2021 compared with October 2021. Compared with November 2020, turnover was by a calendar adjusted 0.3% higher.
Compared with February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany, turnover in November 2021 was 3.4% lower in seasonally and calendar adjusted terms.
For October 2021, revision of the preliminary outcome resulted in an increase of 3.4% compared with September 2021 (provisional: +3.6%).
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.
