Key facts
- German industrial orders increased by 1.9% in May.
- This figure surpassed analyst expectations of a 1.5% rise.
- Excluding large-scale orders, new orders were up 1.0% in May.
- Manufacturing orders increased by 1.1% in September 2025.
- Manufacturing turnover decreased by 2.1% in September 2025.
German industrial orders saw a 1.9% increase in May compared to the previous month, on a seasonally and calendar adjusted basis, according to data from the Federal Statistical Office. This figure surpassed the 1.5% rise anticipated by analysts in a Reuters poll.
Excluding large-scale orders, new orders also showed a 1.0% increase in May. More recent data for September 2025 indicated a 1.1% month-on-month rise in manufacturing orders, with turnover in manufacturing decreasing by 2.1% in the same month.
Germany's economic outlook suggests a gradual pickup in growth, but this has been hampered by weak exports, high energy prices, and geopolitical uncertainty. While private consumption is expected to support growth, exports are projected to stagnate due to tariffs and structural challenges. Inflation is forecast to spike in 2026 due to energy price shocks, impacting real household income and consumer sentiment.