Manufacturing orders on the decline
There was a significant reduction in the number of incoming orders in the manufacturing sector again in May. Experts expect industrial activity to remain weak in the coming months.24 Jul 2019 Barbara Rusch
According to provisional data from Germany’s Federal Statistical Office (Destatis), the level of real (price-adjusted) incoming orders in the manufacturing sector was 2.2% lower in May 2019 than in the previous month. After review of the preliminary results, April 2019 registered an increase of 0.4% compared with March 2019. Excluding major orders, the level of real orders in the manufacturing sector was 3.0% lower in May 2019 than in April.
Although domestic orders rose by 0.7% in May 2019 compared with April, foreign orders fell by 4.3%. Incoming orders from the eurozone fell by 1.7%. Incoming orders from the rest of the world fell by 5.7% compared with April 2019. Incoming orders were 1.5% lower in May 2019 than in the previous month for manufacturers of intermediate goods, while they were 2.8% lower for producers of capital goods. Orders declined by 0.7% in the consumer goods sector.
According to provisional figures, real turnover in the manufacturing sector was 1.2% lower in May 2019 than in April. April 2019 saw a decline of 0.6% compared with March 2019, thus confirming the preliminary result announced in the previous month.
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