Germany July industrial orders -2.9% vs +0.5% m/m expected

  • Latest data released by Destatis - 5 September 2025
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  • Prior -1.0% (revised to -0.2%)

The agency notes: "When large-scale orders are excluded, new orders were 0.7% higher than in the previous month. The less volatile three-month on three-month comparison showed that new orders in the period from May 2025 to July 2025 were 0.2% higher than in the previous three months"

"The negative development of new orders in manufacturing in July 2025 compared with June 2025 was primarily attributable to the substantial decline (-38.6%) in new orders in the "manufacture of other transport equipment" sector (aircraft, ships, trains, military vehicles)."

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