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Germany's manufacturing sector saw a 0.8 per cent decline in real stock of orders in April 2023 compared to March 2023.
Unfilled foreign orders dropped by 1.1 per cent and domestic orders by 0.5 per cent in April 2023.
While the stock of orders in the consumer goods sector fell by 0.9 per cent, intermediate goods saw a slight 0.2 per cent increase.

Germany’s real (price adjusted) stock of orders in manufacturing was 0.8 per cent lower in April 2023 than in March 2023 on a seasonally and calendar adjusted basis, as per the Federal Statistical Office (Destatis). Looking at the three-month-average, from February to April 2023 the stock of orders was 1.0 per cent lower than it was the previous three months.

Unfilled foreign orders decreased by 1.1 per cent in April 2023, while the stock of domestic orders fell by 0.5 per cent compared to March 2023. The stock of orders declined by 0.9 per cent for manufacturers of consumer goods. In the intermediate goods sector, the stock of orders was 0.2 per cent higher than in the previous month, Destatis said in a press release.

Overall, the stock of orders was a calendar adjusted 2.3 per cent lower than in April 2022. The range of the stock of orders fell to 7.3 months in April 2023; this was 7.4 months in March 2023. The range remained unchanged for producers of intermediate goods at 3.8 months and fell slightly to 3.5 months—which was 3.6 months in March 2023—for producers of consumer goods.

Fibre2Fashion News Desk (NB)

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German manufacturing experiences slump in order stock in Apr 2023

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