Germany – Factory orders disappoint
Incoming factory orders for the German industry fell by 5.4% in November compared to the previous month.
Commerzbank Economic Research
01/08/2025
In November, incoming orders for German industry fell by 5.4% compared to the previous month, after already falling marginally in October. This means that a slightly positive trend in autumn has finally come to an end. However, a large part of the decline in November is due to weaker big ticket orders. These major orders also create added value in the German economy, of course, but major orders are only processed with a time lag. Excluding these major orders, incoming orders have at least stabilised further and rose by 0.2%. This indicates that orders are bottoming out at a low level overall.
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