In February 2023, new orders in manufacturing increased by 4.8 percent compared to the previous month, according to preliminary results from the Federal Statistical Office (Destatis). This marked the third consecutive monthly increase in new orders. However, compared to the same month of the previous year, new orders decreased by 5.7 percent.<\/p>\n\n\n\n
Large orders in the “Other Vehicles” category had a particularly positive impact on new orders in February, with an increase of 55.9 percent. “Other Vehicles” includes the construction of ships, railway vehicles, aircraft and space vehicles, as well as military vehicles.<\/p>\n\n\n\n
Furthermore, orders in the production of motor vehicles and engines increased by 3.7 percent, and in the machinery sector by 2.8 percent. According to Destatis, these order increases contributed significantly to the overall result.<\/p>\n\n\n\n
In February 2023, order intake for investment goods was 7.3 percent higher than in January 2023. In contrast, order intake for intermediate goods increased only by 1.3 percent. Additionally, order intake for consumer goods increased by 1.9 percent.<\/p>\n\n\n\n
Domestic orders increased by 5.6 percent compared to the previous month, while foreign orders increased by 4.2 percent. There was an increase of 8.9 percent in order intake from the Eurozone. In contrast, orders from other foreign countries increased only by 1.4 percent.<\/p>\n\n\n\n
In the manufacturing sector, the real turnover in February was 1.5 percent higher than in the previous month. Moreover, the calendar-adjusted turnover in February decreased by 0.6 percent compared to the previous year.<\/p>\n\n\n\n