New orders for German manufactured goods unexpectedly increased 2.3 percent month-over-month in November of 2020, following an upwardly revised 3.3 percent jump in October and beating market expectations of 1.2 percent decline. It is the 7th straight month of rising factory orders, mainly due to intermediate goods (4.9 percent), capital (1.1 percent) and consumer goods (0.5 percent). Domestic orders went up 1.6 percent and foreign orders 2.9 percent, with those from the Euro Area rising 6.1 percent and those from other countries 0.9 percent. Compared with February, the month before the coronavirus pandemic, factory orders were 4 percent higher. source: Federal Statistical Office
Factory Orders in Germany averaged 0.37 percent from 1952 until 2020, reaching an all time high of 28.90 percent in June of 2020 and a record low of -25.90 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 January of 2021.
Factory Orders in Germany is expected to be 1.10 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 0.60 in 12 months time. In the long-term, the Germany Factory Orders is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.