Press release No. 515 of 6 December 2022
New orders in manufacturing:
October 2022 (in real terms, provisional):
+0.8% on the previous month (seasonally and calendar adjusted)
-3.2% on the same month a year earlier (calendar adjusted )
September 2022 (in real terms, revised):
-2.9% on the previous month (seasonally and calendar adjusted)
-9.8% on the same month a year earlier (calendar adjusted )
WIESBADEN – Real (price adjusted) new orders in manufacturing increased by 0.8% on a seasonally and calendar adjusted basis in October 2022 compared with September 2022, according to provisional results of the Federal Statistical Office (Destatis). Excluding large-scale orders, there was a decrease of 1.2%. Compared with October 2021, new orders fell by a calendar adjusted 3.2% in October 2022.
After revision of the provisional results, new orders decreased by 2.9% in September 2022 on August 2022 (provisional figure: -4.0%).
While domestic orders decreased by 1.9%, foreign orders went up by 2.5% in October 2022 on the previous month. New orders from the euro area increased by 2.6% and new orders from other countries rose by 2.5% compared with September 2022
The producers of capital goods recorded an increase of 3.2% in October 2022 on the month before. On the other hand, producers of intermediate goods saw a fall in new orders of 1.4%. Regarding consumer goods, orders went down particulary sharply by 6.3%.
Turnover down 0.2% on the previous month
According to provisional figures, real turnover in manufacturing (seasonally and calendar adjusted) decreased by 0.2% in October 2022 compared with September 2022. As regards September 2022, revision of the preliminary figures resulted in an increase of 0.4% compared with August 2022 (provisional figure: +0.2%). Compared with October 2021, turnover was a calendar adjusted 5.5% higher.
Enterprises still have difficulties completing their orders as supply chains are interrupted because of the war in Ukraine and distortions persist due to the Covid-19 crisis. More than half of the industrial enterprises that have been surveyed complained about bottlenecks and problems in procuring intermediate products and raw materials in October 2022, according to the ifo Institute for Economic Research. The Federal Statistical Office shows the relationship between material shortages and industrial activity in an analysis with continuously updated figures.
Methodological note:
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), 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.
