In October 2022, Germany’s unfilled orders in manufacturing were up a calendar adjusted 5.8 per cent, compared with October 2021, according to provisional results of the Federal Statistical Office (Destatis). The country’s stock of orders (in real terms, calendar and seasonally adjusted) in manufacturing increased by 0.3 per cent in October 2022, compared to September 2022.

The stock of orders still is on a very high level despite a slight decrease in September 2022.

Compared to September 2022, the domestic stock of orders increased by 0.2 per cent, the foreign stock of orders by 0.3 per cent. The stock of orders fell by 0.6 per cent for manufacturers of intermediate goods. In the consumer goods sector, the stock of orders was 0.7 per cent higher than in the previous month, as per the data by Destatis.

Disrupted supply chains as a result of the war in Ukraine and ongoing distortions caused by the COVID-19 crisis continue to cause problems in processing orders. According to a survey by the ifo Institute for Economic Research, more than half of industrial companies continue to complain about bottlenecks and problems in the procurement of intermediate products and raw materials.

The range of the stock of orders was down to 7.6 months in October 2022 (September 2022: 7.7 months). The range was 3.7 months for producers of intermediate goods (September 2022: 3.8 months) and 3.5 months for consumer goods (September 2022: also 3.5 months).

The range indicates for how many months establishments, theoretically, would have to produce goods until all orders on hand are filled — with turnover remaining constant and without any new orders being received. It is calculated as the ratio between the current stock of orders and average turnover of the last 12 months in the respective branch.

Fibre2Fashion News Desk (DP)

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