Germany's manufacturing orders see slight dip in April 2024

When excluding large-scale orders, new orders in April 2024 rose by 2.9 per cent compared to March 2024. However, for the period from February to April 2024, new orders were still 1.4 per cent lower than in the previous three months. After revising the provisional data, it was found that new orders decreased by 0.8 per cent in March 2024 from the previous month, as opposed to the initially reported figure of a 0.4 per cent decline.

Sector-wise, April 2024 saw new orders rise by 0.7 per cent in the consumer goods sector, while the intermediate goods sector experienced a drop of 1.7 per cent. Foreign orders overall fell by 0.1 per cent, with new orders from the euro area declining by 1.4 per cent. Conversely, new orders from non-euro area countries increased by 0.6 per cent. Domestic orders showed a slight decline of 0.3 per cent, as per Destatis.

The real turnover in manufacturing, when seasonally and calendar adjusted, decreased by 0.9 per cent in April 2024 from the previous month. The calendar-adjusted turnover was 3.2 per cent lower than in April 2023. After revising the provisional data, a decrease of 0.4 per cent was noted in March 2024 from February 2024, compared to the initially reported 0.7 per cent decline.

Fibre2Fashion News Desk (DP)