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Real new orders in German manufacturing down 3.7% MoM in Oct 2023

07 Dec '23
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Real (price-adjusted) new orders in the German manufacturing sector were down by 3.7 per cent month on month (MoM) in October this year after seasonal and calendar adjustment, according to provisional figures of the Federal Statistical Office.
  • Real turnover in manufacturing (seasonally- and calendar-adjusted) was down by 0.5 per cent MoM in the month.
Real (price-adjusted) new orders in the German manufacturing sector were down by 3.7 per cent month on month (MoM) in October this year after seasonal and calendar adjustment, according to provisional figures of the Federal Statistical Office (Destatis).

The less volatile three-month on three-month comparison showed that new orders were 4.6 per cent lower in the period from August to October this year.

New orders excluding large-scale orders were up by 0.7 per cent MoM in October.

After revision of the provisional results, new orders in September this year increased by 0.7 per cent MoM.

Foreign orders in October fell by 7.6 per cent, with new orders from the euro area decreasing by 7.6 per cent and orders from the rest of the world by 7.4 per cent. Domestic orders rose by 2.4 per cent in the month.

According to provisional figures, real turnover in manufacturing (seasonally- and calendar-adjusted) was down by 0.5 per cent MoM in October this year. The calendar-adjusted turnover was 2.1 per cent lower than in October 2022. After revision of the provisional data, the figure decreased by 1.4 per cent MoM in September.

ALCHEMPro News Desk (DS)

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