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New orders in German manufacturing sector down by 2.4% MoM in Aug

07 Oct '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

Price-adjusted real new orders in Germany’s manufacturing sector decreased by 2.4 per cent on a seasonally- and calendar-adjusted basis in August this year compared with July, according to provisional results of the Federal Statistical Office (Destatis). Excluding large-scale orders, there was an increase of 0.8 per cent.

Compared with August 2021, new orders fell by a calendar-adjusted 4.1 per cent in the month.

After revision of the provisional results, new orders increased by 1.9 per cent in July this year over June and remained unchanged when large-scale orders were disregarded.

Domestic orders decreased by 3.4 per cent. Foreign orders went down by 1.7 per cent in August over the previous month. New orders from the euro area decreased 3.8 per cent and new orders from other countries fell slight by 0.4 per cent compared with July this year, Destatis said in a release.

Fibre2Fashion News Desk (DS)

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