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MIL OSI Translation. Region: Germany / Deutschland –

Source: Federal Ministry for Economic Affairs and Energy According to the Federal Statistical Office [1], incoming orders in the manufacturing sector rose by 0.5% in September compared to the previous month. [2] The demand for intermediate and consumer goods increased by 4.0% and 2.6%, respectively, while capital goods decreased by 2.0%. Without major orders, incoming orders rose by 4.5%. In the third quarter, incoming orders in the manufacturing sector rose by 29.1% compared to the previous quarter. Domestic demand rose 15.5%, orders from the euro area and non-euro area rose 41.0% and 40.4% respectively. After the first strong recovery after the lockdown in April, the industry is struggling further out of the crisis. Most recently, their incoming orders almost reached their level of the fourth quarter of 2019 before the outbreak of the pandemic (99.4%). The recovery process was broadly based in the economy in September and was driven by demand at home and abroad .—————————————- [1] Press release of the Federal Statistical Office of November 5, 2020. [ 2] All information is based on provisional data and is price, calendar and seasonally adjusted (X13 JDemetra + method).

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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