Yeah, many signs are pointing down and I won't be surprised if we get a recession here. But until it's definitely there I will wait.

As for this indicator. Never heard of it, but there seem so many of those that I wouldn't trust them unconditionally. This one for example points up:

https://www.tagesschau.de/wirtschaft/unternehmen/industrie-auftragseingaenge-deutschland-staerkter-auftragsplus-seit-drei-jahren-100.html