German manufacturing new orders fell -0.8% MoM in August 2025 (+1.5% YoY), following a revised -2.7% MoM drop in July, as declines in key sectors like autos and pharmaceuticals outweighed gains in metals and transport equipment.

• Excluding large-scale orders, new orders fell -3.3% MoM, while the 3Mo3M trend was -2.3% overall and -2.0% excluding large orders, indicating a sustained soft patch in demand.

• Automotive orders dropped sharply by -6.4% MoM, contributing most to the headline decline; orders for computers, electronics, and optical products fell -11.5%, and pharmaceuticals plunged -13.5%.

• Offsetting gains came from fabricated metal products (+15.4%), other transport equipment (+17.1%), and electrical equipment (+7.2%).

• By goods category, capital goods orders declined -1.5% MoM, consumer goods fell -10.3%, while intermediate goods rose +3.0%.

• Domestic orders increased +4.7% MoM, contrasting with a -4.1% drop in foreign demand (euro area -2.9%, non-euro area -5.0%).

• Manufacturing turnover also fell -0.8% MoM (-1.1% YoY), reversing July’s upward revision and signaling broad weakness in both domestic and export-oriented activity.