Press release No. 048 of 4 February 2022
New orders in manufacturing:
December 2021 (in real terms, provisional):
+2.8% on the previous month (seasonally and calendar adjusted)
+5.5% on the same month a year earlier (calendar adjusted )
November 2021 (in real terms, revised):
+3.6% on the previous month (seasonally and calendar adjusted)
+2.3% on the same month a year earlier (calendar adjusted )
WIESBADEN – Real (price adjusted) new orders in manufacturing increased by 2.8%, on a seasonally and calendar adjusted basis, in December 2021 compared with November 2021, according to provisional results of the Federal Statistical Office (Destatis). Not including major orders, an 2.9% increase in new orders in manufacturing was recorded in December 2021. Compared with December 2020, new orders were 5.5% higher on a calendar adjusted basis. New orders in the period January to December 2021 as an whole increased by 17.8% on the same period a year earlier and 9.3% higher than in the pre-crisis year 2019. Compared with February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany, new orders in December 2021 were 9.8% higher in seasonally and calendar adjusted terms.
Domestic orders registered an strong increase of 11.7% in December 2021 on the previous month. On the other side, foreign orders decreased by 3.0%. New orders from the euro area fell by 4.2%. New orders from other countries declined by 2.3% in the current month.
Producers of intermediate goods saw new orders in December 2021 rose 4.1% on the month before. The producers of capital goods recorded an increase of 1.8%. Regarding consumer goods, orders went up 5.3%.
After revision of provisional results for November 2021, an increase of 3.6% on October 2021 was recorded (provisional figure: +3.7%).
Turnover up 0.2% on the previous month, but 2.9% under pre-crisis level
According to provisional figures, real turnover in manufacturing (seasonally and calendar adjusted) increased 0.2% in December 2021 compared with November 2021. Compared with December 2020, turnover was by a calendar adjusted 0.2% lower. Compared with February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany, turnover in December 2021 was 2.9% lower in seasonally and calendar adjusted terms.
For November 2021, revision of the preliminary outcome resulted in an increase of 4.3% compared with October 2021 (provisional: +4.1%).
In the year 2021, turnover in manufacturing (calendar adjusted) was 5.0% higher than in the year 2020 and 5.5% lower then in the pre-crisis year 2019.
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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