German industrial orders rose by 0.6 percent month-over-month in March 2019, following a downwardly revised 4.0 percent fall in February and missing market expectations of a 1.5 percent growth. This was the first monthly gain in factory orders since December, mainly supported by a 4.2 percent surge in foreign demand as new orders increased from both the Euro Area (8.6 percent and third countries (1.4 percent). Meanwhile, domestic orders plunged 4.2 percent. By category, demand rose for both consumer (6.4 percent) and capital goods (1.1 percent), but declined for intermediate goods (-1.5 percent). Factory Orders in Germany averaged 0.36 percent from 1952 until 2019, 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 0.90 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 0.50 percent in 2020, according to our econometric models.