WIESBADEN – Based on provisional data, the price adjusted stock of orders in manufacturing in February 2019 fell a seasonally and calendar adjusted 0,7% on the previous month, as reported by the Federal Statistical Office (Destatis). The domestic orders not yet completed decreased 0.2% on the previous month, the stock of foreign orders decreased 0,9%. The stock of orders comprises the total of new orders received by the end of the reference month which have not led to any turnover and have not been cancelled by that time.
Unfilled orders for producers of intermediate goods in February 2019 were by 1.0% lower than in the previous month. The producers of capital goods recorded a decrease of 0.6%. Regarding consumer goods, the stock was down by 1.3% compared to January 2019.
In February 2019, the range of the stock of orders in manufacturing was 5.8 months (previous month also 5.8 months). The range indicates for how many months establishments, theoretically, would have to produce goods until all orders on hand are filled – with turnover remaining constant and without any new orders being received. It is calculated as the ratio between the current stock of orders and average turnover per month in the respective branch.
For the producers of intermediate goods, the range of the stock of orders in February 2019 was 3.0 months (previous month also 3.0), for the producers of capital goods 8.1 months (previous month also 8.1) and for consumer goods 2.0 months (previous month 1.9).