The Federal Statistical Office reported that orders to German industry rose 17.8 percent in 2021 compared to 2020.
In addition, the pre-crisis level of 2019 was exceeded by 9.3 percent. In December 2021, incoming orders (actual) in the manufacturing sector, adjusted for price increases, rose 2.8 percent versus the previous month.
Compared to the same month of the previous year, December 2020, companies recorded a 5.5 percent increase in orders.
The industry’s order books are fuller than at any time since the early 1960s, explained Commerzbank chief economist Jörg Kramer.
He stressed that the most important thing now is that the supply bottlenecks ease so the industrial production be able to recover.