New orders for German manufactured goods unexpectedly increased 3.4 percent month-over-month in July 2021, following an upwardly revised 4.6 percent rise in June and easily beating market forecasts of a 1.0 percent fall. New orders reached the highest level since the beginning of the time series in 1991, mainly due to robust foreign demand (8.0 percent) as demand from countries outside the Eurozone jumped 15.7 percent due to many major orders especially from the shipbuilding sector. Meanwhile, orders from the bloc were down 4.1% and domestic orders fell by 2.5 percent. By category, new orders increased for capital goods (5.4 percent) and consumer goods (7.5 percent), but declined for intermediate goods (-0.5 percent). Compared with February 2020, which was the month before restrictions were imposed due to the pandemic in Germany, new orders were 15.7 percent higher. source: Federal Statistical Office
Factory Orders in Germany averaged 0.38 percent from 1952 until 2021, reaching an all time high of 28.30 percent in June of 2020 and a record low of -27.70 percent in April of 2020. This page provides the latest reported value for - Germany Factory Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Factory Orders - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Factory Orders in Germany is expected to be -0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Factory Orders is projected to trend around 0.40 percent in 2022 and 0.50 percent in 2023, according to our econometric models.