German industrial orders dropped by 1.0 percent month-on-month in November 2018, worse than market expectations of a 0.4 percent fall and following a downwardly revised 0.2 percent rise in October. It was the first decline in factory orders since July, mainly due to a 3.2 percent decrease in foreign demand as a slump in new orders from the Euro Area (-11.6 percent) offset an increase in those from other countries (2.3 percent). Meanwhile, domestic orders went up by 2.4 percent. By category, new orders declined for both intermediate (-4.4 percent) and consumer goods (-3.2 percent), but increased for capital goods (1.4 percent). Factory Orders in Germany averaged 0.36 percent from 1952 until 2018, 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 -0.60 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 0.40 in 12 months time. In the long-term, the Germany Factory Orders is projected to trend around 0.60 percent in 2020, according to our econometric models.