German industrial orders dropped by 2.7 percent month-over-month in July 2019, worse than market expectations of a 1.5 percent fall and shifting from an upwardly revised 2.7 percent growth in the previous month. This was the biggest monthly decrease in factory orders since February, amid declines in both domestic orders and foreign demand. New orders from third countries slumped 6.7 percent, while those from the Euro Area rose by 0.3 percent. By category, demand decreased for all categories: capital goods (-3 percent), consumer (-2.4 percent) and intermediate goods (-2.2 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.