New orders for German manufactured goods declined 2.7% mom in April of 2022, following a downwardly revised 4.2% drop in March and missing forecasts of a 0.3% rise. It marks the third consecutive month of lower factory orders, in a sign the war in Ukraine, ongoing supply constraints pressured by China lockdowns and soaring energy prices are weighing on the German economy. Foreign orders sank 4%, with those to the Eurozone dropping by 5.6% and those other countries down 3%. Orders for the domestic market were also lower (-0.9%). Orders for capital goods posted the biggest drop (-4.3%), followed by consumer durable goods (-2.6%) and intermediate goods (-0.3%). source: Federal Statistical Office
Factory Orders in Germany averaged 0.36 percent from 1952 until 2022, reaching an all time high of 28.30 percent in June of 2020 and a record low of -27.30 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 June of 2022.
Factory Orders in Germany is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Factory Orders is projected to trend around 0.50 percent in 2023 and 0.40 percent in 2024, according to our econometric models.