German orders in the manufacturing sector in Germany declined by 5.4% in November 2024 compared to October, seasonally and calendar-adjusted, according to the Federal Statistical Office (Destatis) after preliminary data on Wednesday.
Without large orders, the order inflow, however, was 0.2% higher than in the previous month. In the less volatile three-month comparison, it was 1.7% and without large orders 0.5% higher than in the previous three months.
The negative development of orders in the manufacturing sector in November compared to the previous month was mainly due to large orders in the aircraft, ship, and train manufacturing sector in October, which did not occur in November. Therefore, the order inflow in this area was 58.4% lower in the 11th month of the year, seasonally and calendar-adjusted, than in the previous month.
The order inflows in the other branches of the manufacturing sector had a relatively minor impact on the overall result: In the machinery industry, there was a slight increase of 1.2% compared to the previous month, and in the chemical industry, an increase of 1.7%. The order inflows in the metal production and processing sector decreased by 1.2%, and in the pharmaceutical industry, they decreased by 7.2%.
In the area of intermediate goods, the order inflow in November 2024 showed an increase of 1.8% compared to the previous month. In the area of consumer goods and investment goods, the order inflow, on the other hand, decreased by 7.1% and 9.4%, respectively.
Domestic orders increased by 3.8% compared to the previous month. Orders from abroad, however, decreased by 10.8%. The orders from the euro zone decreased by 3.8%, and the orders from outside the euro zone decreased by 14.8%.
The real turnover in the manufacturing sector was 1.4% higher, seasonally and calendar-adjusted, in November 2024 compared to the previous month. Compared to November 2023, the turnover was 2.3% lower, calendar-adjusted. For October 2024, the preliminary result showed a decline of 1.5% compared to September 2024, which was revised to -1.2% later.