Germany's industrial orders dropped by 2.1 percent month-over-month in December 2019, missing market expectations of a 0.6 percent advance and following a downwardly revised 0.8 fall in the previous month. This was the steepest decline in factory orders since February, mainly due to a 4.5 percent decrease in foreign orders, with new orders from the Euro Area tumbling 13.9 percent and those from other countries growing 2.1 percent. Meanwhile, domestic demand rose by 1.4 percent. By category, demand fell for both capital (-3.9 percent) and consumer goods (-3.8 percent), while orders for intermediate goods went up (1.4 percent).
Factory Orders in Germany averaged 0.35 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. 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. source: Federal Statistical Office
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. Looking forward, we estimate Factory Orders in Germany to stand at 0.60 in 12 months time. In the long-term, the Germany Factory Orders is projected to trend around 0.50 percent in 2021, according to our econometric models.