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.