Factory orders in Germany plunged 5.3% month-over-month in November of 2022, worse than market forecasts of a 0.5% drop, reversing from a downwardly revised 0.6% growth in October and falling the most since October 2021 drop as many companies shut down production due to a rise in energy bills and higher interest rates started to impact the demand. Foreign demand tumbled 8.1%, with orders contracting from both the Euro Area (-10.3%) and other countries (-6.8%). Also, domestic demand fell by 1.1%. New orders for capital goods plummeted 8.5%, demand for intermediate declined 0.9%, and those for consumer goods were down 0.7%. Year-on-year, factory orders sank 11.0%. source: Federal Statistical Office
Factory Orders in Germany averaged 0.35 percent from 1952 until 2022, reaching an all time high of 28.80 percent in June of 2020 and a record low of -27.40 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 February of 2023.
Factory Orders in Germany is expected to be -0.30 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 2024, according to our econometric models.