German industrial orders plunged 2.2 percent month-over-month in May 2019, worse than market expectations of a 0.1 percent drop and reversing an upwardly revised 0.4 percent growth in the previous month. Foreign orders slumped 4.3 percent, with new orders declining from both the Euro Area (-1.7 percent) and from the third countries (-5.7 percent). Meanwhile, domestic orders advanced 0.7 percent. By category, demand fell the most for capital goods (-2.8 percent), followed by intermediate (-1.5 percent) and consumer goods (-0.7 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.
Factory Orders in Germany is expected to be -2.00 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 1.00 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.