German new manufacturing orders rose +0.6% MoM and +4.8% YoY in April 2025, with gains led by capital goods and a surge in electronics-related demand.

• Excluding large-scale orders, new orders rose +0.3% MoM; the 3-month trend (Feb–Apr) was +0.5% vs prior 3 months (+1.3% ex-large orders).
• Capital goods orders rose +4.1% MoM, while intermediate goods fell -3.4% and consumer goods dropped -5.9%.
• Sectoral highlights: electronics +21.5% MoM, transport equipment +7.1%, metal products +4.4%; machinery -4.2%, electrical equipment -9.2%, pharmaceuticals -14.1%.
• Domestic orders rose +2.2% MoM; foreign orders fell -0.3%, with euro area +0.5% and non-euro area -0.9%.
• Manufacturing turnover declined -1.5% MoM and -1.0% YoY.