German new manufacturing orders increased 4.5 percent month-over-month in August 2020, after an upwardly revised 3.3 percent rise in the previous month and beating market forecasts of 2.6 percent. Still, factory orders in August were 3.6 percent lower than in February, the month before restrictions were imposed. Foreign orders rose 6.5 percent, due to higher demand from both the Euro Area (14.6 percent) and other countries (1.5 percent). Meanwhile, domestic orders increased by 1.7 percent. By category, demand was higher for intermediate (4.5 percent), consumer (4.2 percent) and capital goods (4.7 percent). Demand continued to increase in the largest branch of manufacturing, the automotive industry (0.9 percent), and was 0.3 percent above the pre-pandemic level. New orders in the manufacture of machinery and equipment jumped 11.4 percent, but were still 5.8 percent below the February level. source: Federal Statistical Office
Factory Orders in Germany averaged 0.36 percent from 1952 until 2020, reaching an all time high of 28.80 percent in June of 2020 and a record low of -26.10 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 October of 2020.
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. Looking forward, we estimate Factory Orders in Germany to stand at -0.70 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.