German industrial orders rose unexpectedly by 0.3 percent from a month earlier in October 2018, beating market consensus of a 0.4 percent fall and following a downwardly revised 0.1 percent gain in September. It was the third consecutive monthly increase in factory orders, mainly due to a 2.9 percent growth in foreign demand as new orders went up from both the Euro Area (7.3 percent) and third countries (0.3 percent). Meanwhile, domestic orders fell 3.2 percent. By category, new orders increased for both intermediate (0.8 percent) and capital goods (0.4 percent), but declined for consumer goods (-1.7 percent). Factory Orders in Germany averaged 0.37 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 -2.00 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.