New orders for German manufactured goods edged up 0.5% month-over-month in September of 2020, below an upwardly revised 4.9% jump in August and market forecasts of a 2% gain. It is the smallest increase in 5 months as domestic orders rose by 2.3% while foreign ones dropped by 0.8%, mainly due to a 6% slump in purchases from the Euro Area. New orders for intermediate goods went up 4% and those for consumer goods 2.6% but orders for capital goods decreased 2%. Compared to February 2020, before the coronavirus pandemic, new orders were still 2.6 percent lower. Orders for machinery and equipment were still 8.2% below pre-pandemic levels but orders in the automotive industry, the largest manufacturing sector were 5.8% above the pre-crisis level. source: Federal Statistical Office
Factory Orders in Germany averaged 0.36 percent from 1952 until 2020, reaching an all time high of 28.80 percent in June of 2020 and a record low of -26 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 November of 2020.
Factory Orders in Germany is expected to be -1.00 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 -0.70 in 12 months time. In the long-term, the Germany Factory Orders is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.