Press release No. 150 of 6 April 2022
New orders in manufacturing:
February 2022 (in real terms, provisional):
-2.2% on the previous month (seasonally and calendar adjusted)
+2.9% on the same month a year earlier (calendar adjusted )
January 2022 (in real terms, revised):
+2.3% on the previous month (seasonally and calendar adjusted)
+8.2% on the same month a year earlier (calendar adjusted )
WIESBADEN – Real (price adjusted) new orders in manufacturing decreased by 2.2%, on a seasonally and calendar adjusted basis, in February 2022 compared with January 2022, according to provisional results of the Federal Statistical Office (Destatis). Not including major orders, an 1.6% decrease in new orders in manufacturing was recorded in February 2022.
The decrease of new orders in manufacturing is mainly due to orders abroad: foreign orders decreased by 3.3% in February 2022 on the previous month. New orders from the euro area fell by 3.3% and new orders from the non-euro area went down by 3.4%. Domestic orders registered a decrease of 0.2% on the previous month.
The producers of capital goods recorded a decrease of 2.8%. Producers of intermediate goods saw new orders in February 2022 fall 1.9% on the month before. Regarding consumer goods, orders went up 0.7%.
After revision of provisional results for January 2022, an increase of 2.3% on December 2021 was recorded (provisional figure: +1.8%).
As in the preceding months, the total of the values reported for new orders in many branches of manufacturing in February 2022 was higher than total turnover. The excess demand is likely to be due to the continuing acute shortage of intermediate products (see dossier containing information on delivery bottlenecks (only in German)). As a result, many enterprises have problems filling new orders. The situation went slightly back to normal due to the decrease in new orders in February 2022.
Turnover down 1.4% on the previous month
According to provisional figures, real turnover in manufacturing (seasonally and calendar adjusted) decreased 1.4% in February 2022 compared with January 2022. Compared with February 2021, turnover was by a calendar adjusted 4.2% higher.
For January 2022, revision of the preliminary outcome resulted in an increase of 1.6% compared with December 2021 (provisional: +1.8%).
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.
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 coronavirus crisis and financial and 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 statistics webpage (www.destatis.de/corona), which provides statistical information on the economic and social consequences of the coronavirus pandemic.
