Germany’s real new orders in manufacturing were up by 6.9 per cent month on month (MoM) in December last year after price, seasonal and calendar adjustment, according to provisional figures of the Federal Statistical Office (Destatis).
When large-scale orders are excluded, new orders were 2.2 per cent higher MoM.
New orders remained unchanged quarter on quarter (QoQ) in the fourth quarter (Q) last year, and new orders excluding large-scale orders were up by 1.4 per cent QoQ.
In 2024, new orders were 3-per cent lower YoY after calendar adjustment.
Real manufacturing turnover (seasonally- and calendar-adjusted) in December fell by 0.1 per cent MoM; it was 4 per cent lower YoY last year.
After revision of the provisional data, new orders in November 2024 decreased by 5.2 per cent MoM; the provisional figure was a drop of 5.4 per cent.
In 2024 as a whole, new orders were 3-per cent lower than in 2023 after calendar adjustment, a Destatis release said.
New orders in the intermediate goods sector were up by 0.2 per cent MoM in December 2024. New orders for capital goods and consumer goods rose by 10.9 per cent and 7.7 per cent MoM respectively in the month.
Domestic orders were up by 14.6 per cent MoM in December 2024, while foreign orders increased by 1.4 per cent MoM, with new orders from the euro area up by 6.2 per cent and such orders from the rest of the world dropping by 1.5 per cent.
In 2024 as a whole, new orders in manufacturing were 3.0 per cent lower than in the previous year, on a calendar adjusted basis. The downward trend observed since 2021 continued in the first half of 2024, while a stabilising trend was seen in the second half.
In the capital goods sector, new orders in 2024 were 2.5 per cent lower year on year (YoY). Producers of intermediate goods saw new orders fall by 4 per cent YoY last year.
According to provisional figures, real turnover in manufacturing (seasonally- and calendar-adjusted) in December 2024 fell by 0.1 per cent MoM. The calendar adjusted turnover was down by 3.9 per cent YoY in the month.
In 2024 as a whole, real turnover was 4 per cent lower YoY after adjustment for calendar effects. Here, too, turnover mostly declined in the first half of the year, while it tended to stabilise in the second half-year.
Fibre2Fashion News Desk (DS)