Germany's calendar adjusted stock of orders drops 3.1% YoY in Jun 2023

Unfilled domestic orders in June 2023 were up 0.8 per cent on May 2023 and the stock of foreign orders was up 0.9 per cent, Destatis said in a press release.

The stock of orders increased by 0.8 per cent in the area of consumer goods. In the intermediate goods sector, the stock of orders was down 0.7 per cent.

In June 2023, the range of the stock of orders was 7.2 months as in May 2023. The range remained unchanged for producers of intermediate goods at 3.8 months and producers of consumer goods at 3.5 months.

Assuming turnover remains constant and no new orders are received, the range indicates the number of months local units would, in theory, have to produce goods in order to fill all orders on hand. It is calculated as the ratio between the current stock of orders and average turnover of the last 12 months in the respective branch.

ALCHEMPro News Desk (NB)