According to preliminary information from the Federal Statistical Office (Destatis), real (price-adjusted) incoming orders in the manufacturing sector fell by 11.3% in January 2024 compared to December 2023, seasonally and calendar adjusted. In December 2023, after revision of the preliminary results, this sharp decline was preceded by an increase of 12.0% compared to November 2023 due to large orders (preliminary value: +8.9%). In a less volatile three-month comparison, incoming orders from November 2023 to January 2024 were 2.3% higher than in the previous three months. The comparatively strong revision in December ... (full story)