Germany’s manufacturing stock of orders down 0.2% in June

The real (price-adjusted) stock of orders in Germany’s manufacturing decreased by 0.2 per cent in June 2024 from the previous month after accounting for seasonal and calendar effects, according to data released on Monday. Compared to June 2023, the stock of orders, adjusted for the calendar, was 6.2 per cent lower.

The decrease in the stock of orders in June 2024 was primarily due to the development in the manufacture of machinery and equipment, which experienced a 0.9 per cent decline from the previous month after adjusting for both seasonal and calendar effects.

The stock of orders also decreased in the automotive industry by 0.7 per cent, marking its 17th consecutive month of decline. In contrast, the “manufacture of other transport equipment” sector (including aircraft, ships, and trains) saw a 1.7 per cent increase, which positively influenced the overall stock of orders.

Unfilled domestic orders increased by 0.6 per cent in June 2024, compared to May 2024, whereas the stock of foreign orders fell by 0.7 per cent.

Producers of capital goods experienced the stock of orders decrease by 0.1 per cent. The stock of orders for intermediate goods fell by 0.6 per cent, while the consumer goods sector saw a 1.2 per cent decline.

In June 2024, the stock of orders ranged from 7.2 months, the same as in May 2024. The range remained consistent for capital goods producers at 9.7 months, intermediate goods producers at 4.1 months, and consumer goods producers at 3.5 months.

Attribution: The Federal Statistical Office (Destatis)

Subediting: M. S. Salama