German new manufacturing orders surged 10.4 percent month-over-month in May of 2020, following an upwardly revised 26.2 percent drop in the previous month which was the highest on record. May's reading is the second highest ever after the coronavirus lockdown was lifted. However, figures came below market forecasts of a 15 percent surge and factory orders are still 30.8 percent lower than in February, the month before restrictions were imposed. Foreign orders rose 8.8 percent, due to higher demand from both the Euro Area (20.9 percent) and other countries (2 percent). Also, domestic orders jumped 12.3 percent. By category, demand expanded for capital (20.3 percent), intermediate (0.4 percent), and consumer goods (4.7 percent). In addition, new orders in the automotive industry increased again markedly in May 2020, after very low levels in April 2020 but were still more than 47 percent lower than in February 2020. Year-on-year, factory orders were down 29.3 percent.
Factory Orders in Germany averaged 0.31 percent from 1952 until 2020, reaching an all time high of 27.10 percent in June of 1975 and a record low of -26.20 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 August of 2020. source: Federal Statistical Office
Factory Orders in Germany is expected to be -1.20 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 0.50 in 12 months time. In the long-term, the Germany Factory Orders is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.