Damper for German industry: Fewer orders in August

Released on 06.10. 2021

  • In the seaport on the Baltic Sea, a ship is being handled with cranes. Photo: Bernd Wüstneck

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Delivery bottlenecks and shortages of parts cause problems for many manufacturers. This also affects the number of new orders. The comparison with the Corona crisis year 2020 gives some hope.

Wiesbaden (dpa) – After a strong increase in orders in the previous months, August put a damper on German industry. In incoming orders, the manufacturing sector recorded a decline of 7.7 percent compared to July 2021, as the Federal Statistical Office announced on Wednesday.

The Wiesbaden authority explained the significant decline with the fact that, unlike in July and June of the current year, fewer major orders were received, for example for aircraft, ships or trains. “There were an above-average number of large orders for August, but fewer than in the previous months,” explained a statistician 5.1 percent back. According to the information, orders in the automotive industry fell particularly sharply. Many manufacturers create delivery bottlenecks for important parts and raw materials: According to calculations by the Federal Office, orders for vehicles and vehicle parts fell in August by 12 percent, in metal production and processing there were declines of 9.6 percent.

«The steep decline in incoming orders shows that the shortage of materials is also slowing down incoming orders . If it is already clear that delivery cannot be made, many companies do not even order, ”said VP Bank’s chief economist, Thomas Gitzel. “The shortage of preliminary products is currently a very serious short-term economic risk.”

Compared to August, which was particularly affected by the Corona crisis 2020 meanwhile, the orders in the German industry in August of the current year were around 11, 7 percent higher.

After a recalculation, the values ​​for July were even better than initially stated by the Federal Office: From June to July 2021 the order increase was 4.9 percent instead of 3.4 percent. Compared to July 2020 there was now a plus of 26, 1 percent instead of 12, 4 percent. The deviation from the preliminary July result resulted from late reports of major orders in the areas of manufacturing metal products, mechanical engineering and other vehicle construction, explained the statisticians.

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