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Manufacturing in August 2022: new orders down 2.4% on the previous month
Real (price adjusted) new orders in manufacturing decreased by 2.4% on a seasonally and calendar adjusted basis in August 2022 compared with July 2022, according to provisional results of the Federal Statistical Office (Destatis). Excluding large-scale orders, there was an increase of 0.8%. Compared with August 2021, new orders fell by a calendar adjusted 4.1% in August 2022After revision of the provisional results, new orders increased by 1.9% in July 2022 on June 2022 (provisional figure: -1.1%) and remained unchanged when large-scale orders were disregarded (provisional figure: -0.8%). The large revision of the ... (full story)