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.