New orders in manufacturing declined in April for the third time in a row in Germany, according to the latest data from the Federal Statistical Office (Destatis).
On a seasonally and calendar-adjusted basis, new orders in April fell by 2.7 percent compared to March, a June 7 press release said. Excluding major orders, new orders decreased by 1.2 percent.
Compared to April 2021, new orders were lower by 6.2 percent. “The decrease of new orders in manufacturing is mainly due to orders abroad: foreign orders decreased by 4.0 percent in April 2022 on the previous month.”
“New orders from the non-euro area went down by 3.0 percent. New orders from the euro area fell by 5.6 percent and domestic orders registered a decrease of 0.9 percent on the previous month,” the release stated….