Press release No. 090 of 7 March 2022
New orders in manufacturing:
January 2022 (in real terms, provisional):
+1.8% on the previous month (seasonally and calendar adjusted)
+7.3% on the same month a year earlier (calendar adjusted)
December 2021 (in real terms, revised):
+3.0% on the previous month (seasonally and calendar adjusted)
+5.9% on the same month a year earlier (calendar adjusted)
WIESBADEN – Real (price adjusted) new orders in manufacturing increased by 1.8%, on a seasonally and calendar adjusted basis, in January 2022 compared with December 2021, according to provisional results of the Federal Statistical Office (Destatis). Not including major orders, an 0.8% increase in new orders in manufacturing was recorded in January 2022. Compared with January 2021, new orders were 7.3% higher on a calendar adjusted basis. Compared with February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany, new orders in January 2022 were 11.9% higher in seasonally and calendar adjusted terms.
The increase of new orders in manufacturing is mainly due to orders abroad: foreign orders increased by 9.4% in January 2022 on the previous month. New orders from the non-euro area rose by 17.0%. New orders from the euro area fell by 2.6%. Domestic orders registered a decrease of 8.3% on the previous month.
The producers of capital goods recorded an increase of 5.5%. Producers of intermediate goods saw new orders in January 2022 fall 2.6% on the month before. Regarding consumer goods, orders went down 4.6%.
After revision of provisional results for December 2021, an increase of 3.0% on November 2021 was recorded (provisional figure: +2.8%).
Turnover up 1.8% on the previous month, only 0.7% under pre-crisis level
According to provisional figures, real turnover in manufacturing (seasonally and calendar adjusted) increased 1.8% in January 2022 compared with December 2021. Compared with January 2021, turnover was by a calendar adjusted 2.9% higher. Compared with February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany, turnover in January 2022 was 0.7% lower in seasonally and calendar adjusted terms.
For December 2021, revision of the preliminary outcome resulted in an increase of 0.7% compared with November 2021 (provisional: +0.2%).
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.
