Compared to December 2021, Germany’s real stock of industrial orders climbed by 1.2% in
December 2022, according to preliminary findings from the Federal Statistical Office (Destatis).
On a seasonally and calendar-adjusted basis, the nation’s price-adjusted stock of manufacturing
orders was 0.4% lower in December 2022 than it was in November 2022.
The quantity of orders is still quite high. Unfulfilled orders in December 2022 were 31.8%
greater than in December 2019 when compared to the period before COVID-19. This sharp
increase was mostly the result of supply chain issues, which severely reduced industrial
production, notably between the middle of 2021 and the middle of 2022, and therefore created a
backlog of orders. The alignment between new orders and production is increasing as the
material deficit decreases.
According to Destatis, the stock of unfulfilled domestic orders increased by 0.1% in December
2022 compared to November 2022, while the stock of unfulfilled overseas orders decreased by
0.7%.
For producers of intermediate products, the number of orders increased by 2.1%. The number of
orders in the consumer products industry increased by 0.1% over the previous month.
In December 2022, the range of the orders increased to 7.4 months (November 2022: 7.3
months). For manufacturers of intermediate products, the range was 3.8 months (November
2022: 3.7 months), while for makers of consumer goods, it was 3.4 months (November 2022:
also 3.4 months).
