-
Manufacturing in January 2020: new orders +5.5% (seasonally adjusted) on the previous month
Price adjusted new orders in manufacturing rose a seasonally and calendar adjusted 5.5% in January 2020 on the previous month according to provisional results of the Federal Statistical Office (Destatis). The increase was due to major orders especially in the manufacture of air and spacecraft and of machinery and equipment. However, even excluding major orders, new orders in manufacturing were up a seasonally and calendar adjusted 2.3% in January 2020 on the previous month, which was due to a good general order situation in many economic branches.