Factory orders in Germany fell 1.1% month-over-month in July of 2022, after a downwardly revised 0.3% drop in the prior month and worse than market forecasts of a 0.5% decline. It marked the sixth consecutive month of lower manufacturing orders, amid persistently high inflation and supply chain issues. Domestic orders fell 4.5%, and in the Euro Area by 6.4%. Meanwhile, total foreign orders rose 1.3%, led by those from countries outside the Euro Area (6.5%). Orders decreased for capital goods (-0.2%) but increased for intermediate goods (1.5%). Meantime, consumer goods plunged 16.9%, mainly due to a decline in manufacturing of pharmaceutical products. 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 September of 2022.
Factory Orders in Germany is expected to be -1.00 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.