Germany's industrial orders dropped 0.6 percent from a month earlier in August 2019, compared to market expectations of a 0.3 percent decline and following a revised 2.1 percent plunge in July. The decline was mainly due to a 2.6 percent fall in domestic demand, while foreign orders grew 0.9 percent, boosted by demand from both the Euro area (1.5 percent) and other countries (0.4 percent). By category, demand decreased for both capital (-1.6 percent) and consumer goods (-0.9 percent), but rose for intermediate goods (1.1 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 0.40 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 -1.20 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.