The real stock of orders in manufacturing in Germany decreased by 0.5 per cent in January 2023 compared to the previous month, according to provisional results from the Federal Statistical Office (Destatis). Despite the decline, the stock of orders remained 1.2 per cent higher than in January 2022. While unfilled domestic orders remained unchanged in January, foreign orders were down 0.8 per cent from December 2022.
The stock of orders for manufacturers of intermediate goods rose by 0.3 per cent, while the consumer goods sector experienced a 1.2 per cent decrease in the stock of orders from the previous month.
The real stock of orders in German manufacturing decreased by 0.5 per cent in January 2023, compared to the previous month. While unfilled domestic orders remained unchanged in January, foreign orders decreased by 0.8 per cent from December 2022. A 28.7 per cent increase in the stock of orders from January 2020 is attributed to supply chain issues.
The stock of orders, while still at a high level, saw a 28.7 per cent increase in January 2023 compared to January 2020. This rise is attributed to supply chain issues, which caused an orders bottleneck between the middle of 2021 and 2022, and affected a significant portion of industrial production. As material shortages decrease, new orders and production are expected to align more efficiently, as per Destatis.
The range of the stock of orders remained unchanged at 7.4 months in January 2023, with a range of 3.8 months for intermediate goods and 3.4 months for consumer goods.
Fibre2Fashion News Desk (DP)
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