Developments for new orders in manufacturing in June 2019
by Hans Diederichs
According to the Federal Statistical Office, incoming orders in the manufacturing sector rose by 2.5 % in June compared with the previous month. Orders from the non-Euroregion contributed to this, increasing by 8.6 % supported by large orders. By contrast, orders from Germany declined by 1.0 % and those from the euro zone by 0.6 %. Adjusted for major orders, orders received were 0.4 % lower than in the previous month.
In the second quarter, incoming orders in the manufacturing sector fell by 1.0 % compared with the previous quarter, following a decline of 4.2 % in the first quarter. Orders from Germany and the euro zone fell by 4.1% and 3.4%, respectively, while orders from the non-euro zone grew by 4.5%. Adjusted for major orders, the decline in the second quarter was 2.1 %.
The downward trend in incoming orders in the manufacturing sector slowed noticeably in the second quarter. However, the business climate indicators indicate that the turning point in the industrial economy has yet to come.
Source and Photo: BMWI