German Manufacturing Order Backlog Rises 1.7% to 8.9 Months in May
Updated
Updated · IndexBox, Inc. · Jul 17
German Manufacturing Order Backlog Rises 1.7% to 8.9 Months in May
3 articles · Updated · IndexBox, Inc. · Jul 17
Summary
Germany’s manufacturing order backlog rose 1.7% from April and stood 9.5% above a year earlier, with existing orders now covering 8.9 months of production versus 8.8 months in April.
Mechanical engineering drove the increase with a 3.3% monthly gain, while data processing, electronic and optical products added 3.0%; the automotive industry was a drag, slipping 0.8%.
Foreign orders increased 2.0% and domestic orders 0.9%, pointing to broader demand support beyond the home market.
By goods category, consumer goods posted the fastest backlog growth at 3.6%, while capital goods rose 1.6% and Intermediate goods 1.2%; capital goods makers held the longest coverage at 12.4 months.