Press release No. 396 of 17 October 2024

Stock of orders in manufacturing, August 2024
-1.0%, in real terms, on the previous month (seasonally and calendar adjusted)
-4.7%, in real terms, on the same month a year earlier (calendar adjusted)

Range of the stock of orders
7.3 months

WIESBADEN – The real (price adjusted) stock of orders in manufacturing was down 1.0% in August 2024 compared with July 2024 after seasonal and calendar adjustment, according to provisional figures of the Federal Statistical Office (Destatis). Compared with August 2023, the calendar adjusted stock of orders was down 4.7% in August 2024.

 

The decline in the stock of orders in August 2024 was mainly attributable to the development in the automotive industry. The stock of orders in the manufacture of motor vehicles fell by 6.4% after seasonal and calendar adjustment. Positive contributions came from the manufacture of electrical equipment, with the stock of orders in this sector increasing by 1.5%.

Unfilled domestic orders in August 2024 were down 0.6% on July 2024, and the stock of foreign orders declined by 1.1%.

The stock of orders for producers of capital goods fell by 1.4%, while the stock of orders for consumer goods decreased by 0.8%. In the intermediate goods sector, the stock of orders registered growth of 0.6%.

Range of the stock of orders unchanged at 7.3 months

In August 2024, the range of the stock of orders was 7.3 months, as was the case in July 2024. The range decreased from 9.9 months to 9.8 months for producers of capital goods. For producers of intermediate goods, the range of the stock of orders remained unchanged at 4.1 months. In the case of consumer goods, it increased from 3.5 months in July 2024 to 3.6 months in August.

Assuming turnover remains constant and no new orders are received, the range indicates the number of months local units would, in theory, have to produce goods in order to fill all orders on hand. It is calculated as the ratio between the current stock of orders and average turnover of the last twelve months.

Methodological notes:

The differing comparative periods must be taken into account in all press releases on short-term indicators. Short-term economic monitoring focuses on comparisons of seasonally and calendar adjusted figures with those of the previous month. These reflect short-term economic trends. Year-on-year comparisons of calendar adjusted results enable long-term comparisons of levels and are not influenced by seasonal fluctuations or calendar effects. The results of month-on-month and year-on-year comparisons may differ considerably due to the Covid-19 crisis and the war in Ukraine.

The stock of orders comprises all new orders received by the end of the reference month which have neither generated any turnover nor been cancelled by that time. The rates of change are based on the price adjusted index of the stock of orders in manufacturing. The average figure for 2021 is used as the basis of the index and set to 100 index points (2021 = 100). The X13 JDemetra+ method was used for calendar and seasonal adjustment. The stock of orders is covered and evaluated in accordance with the "Classification of Economic Activities, 2008 edition (WZ 2008)". In the process, information on the stock of orders and information on new orders is only collected in selected branches (only in German) of manufacturing.

For better readability, this press release uses a short form for the names of some economic branches which differs from the designations in the “Classification of Economic Activities (2008 edition)”. An overview of these short forms (only in German) is provided on the "Industry, manufacturing” page on the website of the Federal Statistical Office.

More information:

Detailed data are available from the GENESIS-Online database (42155-0004 indices of the stock of orders and 42113-0001 Ranges of the stock of orders).

Detailed information on production in energy-intensive industrial branches (only in German) is available on the "Industry, manufacturing"

Important information regarding the GENESIS-Online database:

Our database's new user interface will leave the beta phase and go online in the second half of October 2024. The new interface will offer faster data retrieval and intuitive table search and customisation options. There will also be changes to the structure of the machine-readable flat file (CSV) format and the data output format for table downloads. For further details and other important information on the release, please see the info page of the new GENESIS-Online database.