Germany’s manufacturing order books rose 7.8% MoM and 13.0% YoY in December 2025, amid heavy capital-goods and export demand.

• Orders excluding large-scale contracts increased 0.9% MoM, showing underlying growth was far less volatile than the headline surge.
• Q4 orders were +9.5% QoQ (+2.5% excluding large-scale orders), indicating momentum accelerated into year-end.
• Capital-goods orders jumped 10.5% MoM while intermediate goods rose 5.7% and consumer goods fell -5.3% MoM, highlighting a capex-led mix.
• Foreign orders rose 5.6% MoM (euro area -0.6%, non-euro area +9.7%) and domestic orders gained 10.7% MoM, pointing to broad-based demand with strong non-euro support.
• Real manufacturing turnover slipped -1.4% MoM and -1.9% YoY in December, suggesting sales lagged the order rebound.

Germany’s stock of manufacturing orders fell -0.1% MoM in July 2025 but remained up +4.3% YoY, indicating steady order backlogs despite sector-specific declines.

• The automotive industry saw a sharp -1.9% MoM drop, driving the overall monthly decline.

• Computer, electronic and optical products offset some weakness with a +1.6% MoM rise in orders.

• Domestic unfilled orders declined -0.7% MoM, while foreign orders increased +0.2%, highlighting firmer external demand.

• By goods type, intermediate goods orders were flat (0.0% MoM), capital goods fell -0.4% MoM, and consumer goods rose +1.5% MoM.

• The range of the stock of orders slipped to 7.8 months (from 7.9 in June), with capital goods at 10.7 months, intermediate goods at 4.3 months, and consumer goods at 3.6 months.

Germany’s stock of manufacturing orders was unchanged MoM in June 2025 and up 5.1% YoY, suggesting overall order backlogs remain solid despite mixed trends across sectors.

• Foreign order backlogs rose 0.4% MoM, while domestic orders declined -0.6% MoM, indicating softer internal demand.

• The stock of orders increased 1.9% MoM in other transport equipment, but fell -0.8% in machinery and -1.4% in the automotive sector.

• By goods type, consumer goods orders rose 0.6% MoM, capital goods edged up 0.1% MoM, and intermediate goods fell -0.3% MoM.

• The range of the stock of orders increased slightly to 7.9 months (from 7.8 months in May), with capital goods remaining at 10.7 months, and intermediate and consumer goods unchanged at 4.3 and 3.6 months, respectively.

Germany’s stock of manufacturing orders rose 0.4% MoM and 4.7% YoY in May 2025, with strength led by the transport equipment and metal products sectors.

• Foreign order backlogs increased 0.8% MoM, while domestic orders declined -0.3% MoM.
• Capital goods orders rose 0.6% MoM; intermediate goods fell -0.2% MoM; consumer goods rose 0.3% MoM.
• Transport equipment orders rose 2.1% MoM; metal products rose 2.4%, while automotive orders dropped -1.4% MoM.
• The average range of the stock of orders held steady at 7.8 months; capital goods remained at 10.7 months.