Press Manufacturing in March 2022: new orders down 4.7% on the previous month

Turnover down 5.9% on the previous month

Press release No. 189 of 5 May 2022

New orders in manufacturing:
March 2022 (in real terms, provisional):
-4.7% on the previous month (seasonally and calendar adjusted)
-3.1% on the same month a year earlier (calendar adjusted )
February 2022 (in real terms, revised):
-0.8% on the previous month (seasonally and calendar adjusted)
+4.3% on the same month a year earlier (calendar adjusted )

WIESBADEN – Real (price adjusted) new orders in manufacturing decreased by 4.7%, on a seasonally and calendar adjusted basis, in March 2022 compared with February 2022, according to provisional results of the Federal Statistical Office (Destatis). Not including major orders, a 2.2% decrease in new orders in manufacturing was recorded in March 2022. Compared with March 2021, new orders were by a calendar adjusted 3.1% lower.

Loading...

The decrease of new orders in manufacturing is mainly due to orders abroad: foreign orders decreased by 6.7% in March 2022 on the previous month. New orders from the non-euro area went down by 13.2%. New orders from the euro area rose by 5.6% and domestic orders registered a decrease of 1.8% on the previous month.

The producers of capital goods recorded a decrease of 8.3%. In these politically and economically difficult times, the decrease also shows a growing reluctance to invest. Producers of intermediate goods saw new orders in March 2022 fall 1.5% on the month before. Regarding consumer goods, orders went up 6.4%.

After revision of provisional results for February 2022, a decrease of 0.8% on January 2022 was recorded (provisional figure: -2.2%). This is due to late reporting of large-scale orders in the aerospace sector.

Loading...

Turnover down 5.9% on the previous month

According to provisional figures, real turnover in manufacturing (seasonally and calendar adjusted) decreased 5.9% in March 2022 compared with February 2022. Compared with March 2021, turnover was by a calendar adjusted 6.2% lower.
For February 2022, revision of the preliminary outcome resulted in a decrease of 2.2% compared with January 2022 (provisional: -1.4%).

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 March 2022.

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).

New orders in manufacturing form 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 Covid-19 crisis and the financial and economic crisis of 2008/2009. The data are also available on the Corona Statistics webpage (www.destatis.de/corona) and in the Dashboard Germany (www.dashboard-deutschland.de) (only in german), together with other indicators which can be used to assess the economic consequences of the Covid-19 pandemic. The Dashboard Germany portal of the Federal Statistical Office combines up-to-date indicators of official statistics and indicators of other data providers on the topics of economy and finance as well as health and mobility.

contactfor further info

Press office

Phone: +49 611 75 3444

Contact Form

More on this topic