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German manufacturing orders decline in August 2023

19 Oct '23
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Germany's manufacturing orders dropped *.* per cent month-on-month in August 2023.
  • While domestic orders decreased by *.* per cent, foreign orders fell by *.* per cent in August.
  • However, Germany's orders for intermediate and consumer goods rose slightly.
  • The overall order backlog fell to *.* months in August 2023 from *.* months in July 2023.

Unfilled domestic orders in August **** were down *.* per cent compared to July ****. Meanwhile, the stock of foreign orders experienced a more significant decline, falling by *.* per cent.

For the manufacturing sector, producers of intermediate goods saw their stock of orders grow by *.* per cent, and those manufacturing consumer goods experienced a slight increase of *.* per cent in their order stock, as per Destatis.

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