Factory orders in Germany plunged 1.9 percent month-over-month in December of 2020, following an upwardly revised 2.7 percent rise in November. It is the first decline in new orders since a record slump in April and worse than market forecasts of a 1 percent drop. Domestic orders decreased 0.9 percent and foreign orders 2.6 percent. Germany went into a partial lockdown in November, with schools and non-essential shops ending up closing in mid-December. Still, compared with February 2020, the month before restrictions were imposed due to the corona pandemic, new orders were 2.6 percent higher. Considering full 2020, new orders sank 7.2 percent. source: Federal Statistical Office
Factory Orders in Germany averaged 0.36 percent from 1952 until 2020, reaching an all time high of 28.90 percent in June of 2020 and a record low of -25.90 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 2021.
Factory Orders in Germany is expected to be 1.10 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 0.60 in 12 months time. In the long-term, the Germany Factory Orders is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.