New orders for German manufactured goods slumped 3.7% mom in May of 2021, following an upwardly revised 1.2% rise in April and compared to market forecasts of a 1% jump. It is the biggest decline since a record fall in April last year, driven by a 6.7% decrease in foreign orders, namely Eurozone (-2.3%) and the rest of the world (-9.3%). Compared with February 2020, which was the month before restrictions were imposed due to the corona pandemic in Germany, new orders were 6.2% higher. source: Federal Statistical Office
Factory Orders in Germany averaged 0.37 percent from 1952 until 2021, reaching an all time high of 28.30 percent in June of 2020 and a record low of -27.70 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 July of 2021.
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 0.80 in 12 months time. 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.