German manufacturing orders decline in August 2023

Unfilled domestic orders in August 2023 were down 0.1 per cent compared to July 2023. Meanwhile, the stock of foreign orders experienced a more significant decline, falling by 1.1 per cent.

For the manufacturing sector, producers of intermediate goods saw their stock of orders grow by 0.3 per cent, and those manufacturing consumer goods experienced a slight increase of 0.4 per cent in their order stock, as per Destatis.

The overall range of the stock of orders fell slightly to 7.1 months in August 2023, from 7.2 months in July 2023. For producers of intermediate goods, this range declined to 3.7 months, compared to 3.8 months in July. For producers of consumer goods, the range remained steady at 3.4 months.

ALCHEMPro News Desk (DP)