German industrial orders rose unexpectedly by 0.3 percent month-on-month in September 2018, easily beating market consensus of a 0.6 percent fall and following an upwardly revised a 2.5 percent gain in the previous month. It was the second straight month of growth in factory orders, mainly due to a 2.8 percent rise in domestic orders. Meanwhile, foreign demand fell 1.4 percent as new orders from third countries slumped 3.7 percent while those from the Euro Area increased 2.4 percent. By category, new orders went up for both consumer (2.1 percent) and capital goods (1.4 percent), but declined for intermediate goods (-1.7 percent). Factory Orders in Germany averaged 0.37 percent from 1952 until 2018, reaching an all time high of 27.10 percent in June of 1975 and a record low of -15.70 percent in July of 1975.
Factory Orders in Germany is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Factory Orders in Germany to stand at -2.00 in 12 months time. In the long-term, the Germany Factory Orders is projected to trend around 0.60 percent in 2020, according to our econometric models.