Compared with August 2021, new orders fell by a calendar-adjusted 4.1 per cent in the month.
Price-adjusted real new orders in German manufacturing fell by 2.4 per cent on a seasonally- and calendar-adjusted basis in August compared with July, according to provisional results of the Federal Statistical Office. Excluding large-scale orders, there was a rise of 0.8 per cent. New orders fell by a calendar-adjusted 4.1 per cent over August 2021.
After revision of the provisional results, new orders increased by 1.9 per cent in July this year over June and remained unchanged when large-scale orders were disregarded.
Domestic orders decreased by 3.4 per cent. Foreign orders went down by 1.7 per cent in August over the previous month. New orders from the euro area decreased 3.8 per cent and new orders from other countries fell slight by 0.4 per cent compared with July this year, Destatis said in a release.
Fibre2Fashion News Desk (DS)
