German June Manufacturing Orders Dropped 2.5% From May

Jan. 13, 2005
By BridgeNews The volume of German manufacturing orders slumped below analysts expectations by 2.5% in June compared with May, following a 4.6% jump in the previous month on the back of big-ticket orders, according to provisional data released Aug. 6 ...
ByBridgeNews The volume of German manufacturing orders slumped below analysts expectations by 2.5% in June compared with May, following a 4.6% jump in the previous month on the back of big-ticket orders, according to provisional data released Aug. 6 by the Finance Ministry. While domestic orders plunged 4.5% from May, foreign orders -- helped by continued big-ticket contracts -- declined by a relatively slight 0.4% on the month in June, it said. Manufacturing orders in western Germany fell 2.2% in June on the month, while in eastern Germany orders dropped 8.9%, the ministry said. In the two-month comparison, which smooths out some of the monthly fluctuations, manufacturing orders were 2.2% higher than in March-April, on the back of strong May data. The individual sectors showed similar developments in orders in May-June against March-April, with both pre-production and capital goods showing 2.3% rises and durable and non-durable goods increasing 1.8%. Capital goods sector registered a strong discrepancy between weak domestic demand, with orders plunging 8.3% in the two-month comparison, and strong foreign orders, jumping 14.1% on the back of big-ticket contracts, the ministry said. A similar situation is seen for total manufacturing orders, as domestic orders fell 2.1% in May-June from March-April, while foreign contracts rose 8.0% in the same period. In the annual comparison, June manufacturing orders were 2.5% lower than in June 2000, while comparing May-June orders with the same months last year shows a fall of 2.9%. In the first half year, manufacturing orders rose 0.9% from the same period last year, the ministry said.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!