Stock of German manufacturing orders in Aug rises by 0.3% MoM

Unfilled orders in manufacturing reached a new peak since the beginning of the series in the year 2015.

Compared to July this year, domestic stock of orders increased by 0.1 per cent in August, while foreign ones rose by 0.5 per cent. The stock of orders fell by 0.1 per cent for manufacturers of intermediate goods. In the consumer goods sector, it was 1.8 per cent higher than in the previous month.

The price-adjusted stock of orders in German manufacturing in August rose by a seasonally- and calendar-adjusted 0.3 per cent over July, provisional data by the Federal Statistical Office show. The stock of orders in August was 11.1 per cent higher than in the same month last year. While new orders fell by 2.4 per cent in August, turnover rose by 1 per cent

However, as in the preceding months, the volume of new orders was still higher than the volume of turnover in manufacturing in August this year, Destatis said in a release.

Aside from high energy prices, many manufacturing companies still have difficulties completing their orders due to the acute shortage of intermediate products.

According to the Ifo Institute for Economic Research, as much as 62 per cent of the industrial enterprises in Germany surveyed complained about bottlenecks and problems in procuring intermediate products and raw materials in August.

Even though this value decreased compared to July (73.3 per cent), it is still exceptionally high in long-term comparison, Destatis noted.

Fibre2Fashion News Desk (DS)