New orders for German manufactured goods plunged 6.9 percent month-over-month in October 2021, following an upwardly revised 1.8 percent rise in September and compared with market forecasts of a 0.5 percent fall. Foreign demand tumbled 13.1 percent due to a 3.2 percent decrease in orders from the Euro Area and a 18.1 percent slump in orders from other countries, with the latter being influenced by the absence of major orders for machinery and equipment. On the other hand, domestic demand grew by 3.4 percent. New orders were down for capital (-10.7 percent) and intermediate goods (-2.7 percent), while consumer goods demand went up 4.3 percent. Year-on-year, factory orders were 1 percent lower, the first decrease since September 2020. Compared with February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany, new orders were 1.7 percent higher. source: Federal Statistical Office
Factory Orders in Germany averaged 0.36 percent from 1952 until 2021, reaching an all time high of 28.60 percent in June of 2020 and a record low of -27.30 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 December of 2021.
Factory Orders in Germany is expected to be 0.60 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 2022 and 0.50 percent in 2023, according to our econometric models.