Factory orders in Germany increased 1.2 percent month-over-month in February of 2021, following a downwardly revised 0.8 percent rise in January and in line with market forecasts. Orders went up for capital (2.1 percent) and intermediate goods (0.5 percent) while orders for consumer goods shrank 1.9 percent. "In particular, orders in the important automotive and mechanical engineering sectors once again developed positively," the economy ministry said. Domestic orders jumped 4 percent while foreign ones edged down 0.5 percent, mainly due to orders outside the Euro Area (-2.3 percent) while orders to the Euro Area went up 2.7 percent. Compared with February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany, new orders increased by 5.6 percent. source: Federal Statistical Office
Factory Orders in Germany averaged 0.37 percent from 1952 until 2021, reaching an all time high of 28 percent in June of 2020 and a record low of -27.90 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 April of 2021.
Factory Orders in Germany is expected to be 0.50 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 0.90 in 12 months time. In the long-term, the Germany Factory Orders is projected to trend around 0.40 percent in 2022 and 0.50 percent in 2023, according to our econometric models.