Press release No. 137 of 5 April 2023

New orders in manufacturing:
February 2023 (in real terms, provisional):
+4.8% on the previous month (seasonally and calendar adjusted)
-5.7% on the same month a year earlier (calendar adjusted)

January 2023 (in real terms, revised):
+0.5% on the previous month (seasonally and calendar adjusted)
-12.0% on the same month a year earlier (calendar adjusted)

WIESBADEN – Real (price adjusted) new orders in manufacturing rose by 4.8% on a seasonally and calendar adjusted basis in February 2023 compared with January 2023, according to provisional results of the Federal Statistical Office (Destatis). Excluding large-scale orders, there was an increase of 1.2% in February 2023. New orders in the manufacturing sector have risen for the third month in a row and are 7.3% higher than in November 2022. On a calendar adjusted basis, new orders were 5.7% lower than in February 2022.

Strong growth in the sector of miscellaneous vehicle construction contributed to the positive development of new orders in February 2023 (seasonally and calendar adjusted 55.9%). The overall result was also significantly influenced by strong growth in orders in the sector of manufacture of motor vehicles and motor vehicle engines (+3.7%) and in mechanical engineering (+2.8%).

While new orders in the capital goods sector increased by 7.3% in February 2023, orders in the intermediate goods area rose only by 1.3% compared with the previous month. New orders in the consumer goods sector increased by 1.9%.

Domestic rose by 5.6% on the previous month, foreign orders increased by 4.2%. New orders from the euro area increased by 8.9%, while orders from the rest of the world increased by 1.4%.

After revision of the provisional results, new orders were 0.5% higher in January 2023 than in December 2022 (provisional figure: +1.0%).

 

Turnover up 1.5% in February 2023 on the previous month

According to provisional figures, real turnover in manufacturing (seasonally and calendar adjusted) increased by 1.5% in February 2023 compared with January 2023. A revision of the provisional figures revealed a decrease of 0.6% in January 2023 from December 2022 (provisional figure: +0.2%). In February 2023, the calendar adjusted turnover was 0.6% lower than in February 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 of seasonally and calendar adjusted figures with those of the previous month or previous quarter. These reflect short-term economic trends. Year-on-year comparisons of calendar adjusted results permit long-term comparisons of levels and are not influenced by seasonal fluctuations and calendar effects. The results of month-on-month, quarter-on-quarter and year-on-year comparisons may differ considerably because of the Covid-19 crisis and the war in Ukraine.

New orders and turnover in manufacturing are recorded and evaluated in accordance with the Classification of Economic Activities, 2008 edition (WZ 2008). Information on new orders is only collected in selected branches of manufacturing (only in german). The rates of change are based on the price adjusted indices of new orders and of turnover in manufacturing. The average figure for 2015 is used as the basis of the index and set to 100 index points (2015 = 100). The X13 JDemetra+ method is used for calendar and seasonal adjustment.

Further information:

Detailed data and long time series are available in the GENESIS-Online database: (42151-0004 indices of new orders), (42151-000 indices of new orders excluding large-scale orders) and (42152-0004 turnover indices).

A dossier on the "Short-term indicator" page of the Federal Statistical Office's website provides an analysis of the relationship between material shortages, new orders, production and prices in industry. Detailed information on production in energy-intensive industrial branches is available on the "Industry, manufacturing" page.

Information on new orders in manufacturing is also available in the Dashboard Germany (www.dashboard-deutschland.de). This data portal of the Federal Statistical Office combines up-to-date indicators from official statistics producers and other data providers on the topics of economy, finance, health and mobility. The portal also contains the Economic Pulse Monitor (Pulsmesser für die Wirtschaft) (only in german), which can be used for real-time monitoring of the economic development.