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Order backlog in industry at the highest level

2021-11-17T09:15:39.360Z


It is the highest value since the statistics were introduced in January 2015. According to the Federal Statistical Office, the order backlog in September was 2.4 percent higher than in the previous month.


It is the highest value since the statistics were introduced in January 2015. According to the Federal Statistical Office, the order backlog in September was 2.4 percent higher than in the previous month.

Wiesbaden - The order books in German industry are more full than they have been for years.

According to preliminary data from the Federal Statistical Office, the order backlog adjusted for price increases (real) was 2.4 percent higher in September than in the previous month and reached the highest level since the statistics were introduced in January 2015. The companies received more new orders than they were due to of delivery bottlenecks for preliminary products, for example semiconductors.

Car manufacturers and mechanical engineers were particularly hard hit.

In the production of motor vehicles and motor vehicle parts, the order backlog rose by 5.9 percent in September compared to the previous month, and in mechanical engineering by 3.9 percent, as the Wiesbaden authority announced on Wednesday.

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Orders in August were 36 percent higher than in August 2020, as the State Office for Statistics announced on Tuesday.

Orders from abroad increased by 42 percent and domestic orders by 30 percent.

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Delivery bottlenecks: Leifheit lowers annual profit forecast

Higher raw material prices and delivery bottlenecks as a result of the corona pandemic put a strain on the business of household goods manufacturer Leifheit in the third quarter.

"The distortions in the global supply chains will remain a challenge for the coming months," said Leifheit AG on Thursday in Nassau.

According to preliminary calculations, earnings before interest and taxes (EBIT) from July to September were 3.0 million euros - after 6.6 million euros in the same quarter of the previous year.

Delivery bottlenecks: Leifheit lowers annual profit forecast

The reach of the order backlog in the manufacturing industry as a whole also reached a high of 7.4 months since the statistics were introduced.

The range indicates how many months the companies would have to produce without receiving new orders in order to process the existing orders if sales remained the same.

dpa

Source: merkur

All news articles on 2021-11-17

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