August 21, 2023

Stock of orders in manufacturing, June 2023 in Germany
+0.8%, in real terms, on the previous month (seasonally and calendar adjusted)
-3.1%, in real terms, on the same month a year earlier (calendar adjusted)

Range of the stock of orders
7.2 months

The real (price adjusted) stock of orders in manufacturing was up 0.8% in June 2023 month on month after seasonal and calendar adjustment, according to provisional figures of the Federal Statistical Office (Destatis). The calendar adjusted stock of orders was 3.1% lower in June 2023 than in June 2022.

The month-on-month increase in the stock of orders was primarily due to the positive development of unfilled orders in the manufacture of other transport equipment (+6.5% on the previous month after seasonal and calendar adjustment). The sharp increase in this sector is due to a large-scale order in the manufacture of air and spacecraft. By contrast, the automotive industry had a negative impact on overall performance. The stock of orders was down 4.9% in this sector.

Unfilled domestic orders in June 2023 were up 0.8% on May 2023 and the stock of foreign orders was up 0.9%.

The stock of orders increased by 1.1% in the capital goods sector and 0.8% in the area of consumer goods. In the intermediate goods sector, the stock of orders was down 0.7%.

Range of the stock of orders remained at 7.2 months

In June 2023, the range of the stock of orders was 7.2 months as in May 2023. The range remained unchanged for producers of capital goods (10.1 months), producers of intermediate goods (3.8 months) and producers of consumer goods (3.5 months).

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

Source: DESTATIS
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between the current stock of orders and average turnover of the last twelve months in the respective branch.