Order backlog in manufacturing stagnates

Steel production, about dts
Steel production, about dts
The real order backlog in the manufacturing sector remained almost unchanged compared to the previous month in July 2020, seasonally and calendar adjusted.

It increased by 0,1 percent, announced the Federal Statistical Office (Destatis) on Thursday based on preliminary information. The open orders from Germany fell by 2020 percent compared to June 0,3.

The backlog of foreign orders increased by 0,3 percent. Compared to February 2020, the month before the restrictions caused by the corona pandemic in Germany, the order backlog in July 2020 was 1,1 percent lower, seasonally and calendar adjusted. The order backlog for manufacturers of intermediate goods was 2020 percent higher in July 1,4 than in June 2020. For manufacturers of capital goods it fell by 0,3 percent. In the area of ​​consumer goods, the order backlog was 0,1 percent lower than in June 2020. The range of the order backlog increased slightly and in July 2020 was 6,3 months in the manufacturing sector (June 2020: revised 6,2 months), according to statisticians . In the case of manufacturers of intermediate goods, the order backlog in the seventh month of the year was 3,0 months, as in the previous month. It was 8,9 months for manufacturers of capital goods (June 2020: revised 8,9 months) and for consumer goods 2,4 months (June 2020: 2,3 months).