German manufacturing orders fall 10.6 per cent after July’s large contracts
Germany’s manufacturing orders fell sharply in August after unusually large transport-equipment contracts had lifted July’s figure. The monthly decline was 10.6 per cent, but only 0.1 per cent when large orders were excluded. Domestic and foreign demand both weakened. The three-month comparison was positive overall and negative without large contracts, leaving markedly different pictures of the order book.
Economics & Markets··Midday
August orders reverse July’s surge
Germany’s real manufacturing orders fell 10.6 per cent in August from July, after seasonal and calendar adjustment.[1], [2]
The provisional release on 6 October followed July’s large rise. On a calendar-adjusted annual basis, orders were still 2.7 per cent above August 2025. The monthly contraction and annual increase describe different comparisons of the same order book.[1]
Large transport contracts drive the reversal
Orders for other transport equipment, including ships, aircraft, trains and military vehicles, dropped 61.5 per cent. July had brought exceptionally large ship, railway and aircraft contracts; the category’s increase that month was revised to 129.4 per cent. Excluding large contracts across manufacturing, August’s decline was only 0.1 per cent. July’s overall increase was revised from 2.5 per cent to 3.2 per cent.[1]
Domestic and foreign orders both weaken
Domestic orders declined 17.3 per cent and foreign orders 5.4 per cent. Orders from the euro area fell 5.4 per cent, against 5.5 per cent from elsewhere. Capital goods orders dropped 15.3 per cent, intermediate goods 2.6 per cent and consumer goods 7.3 per cent.[1]
For June through August, total orders were 1.3 per cent above the preceding three months. Without large contracts, they were 2.6 per cent lower. Separately, real manufacturing turnover was unchanged from July and 0.9 per cent above August 2025 after the respective adjustments.[1]