Foreign orders went down by 8.1 per cent, which is crucial for the current fall of new orders in manufacturing. Thereby, new orders from the euro area decreased by 10.3 per cent and new orders from other countries sank by 6.8 per cent compared to October 2022. At the same time, domestic orders fell by 1.1 per cent, according to the provisional results of the Destatis.

The producers of capital goods recorded a sharp decrease of 8.5 per cent (excluding large-scale orders, -3.7 per cent). Producers of intermediate goods saw a fall in new orders of 0.9 per cent. Regarding consumer goods, orders went down by 0.7 per cent. After revision of the provisional results, new orders increased by 0.6 per cent in October 2022 on September 2022 (provisional figure: +0.8 per cent).

According to provisional figures, real turnover in manufacturing (seasonally and calendar adjusted) increased by 2.1 per cent in November 2022 compared with October 2022. As regards October 2022, revision of the preliminary figures resulted in a decline of 0.4 per cent compared with September 2022 (provisional figure: -0.2 per cent). Compared with November 2021, turnover was a calendar adjusted 3.5 per cent higher.

Fibre2Fashion News Desk (NB)