Glimmer of hope for German manufacturing
Incoming orders in German industry rose sharply by 6.9% in December compared to the previous month.
Commerzbank Economic Research
02/06/2025
This is at least a glimmer of hope for German manufacturing which has been hit hard in recent years: in December, price-adjusted new orders rose by 6.9% compared to November, which is significantly more than we had already expected (Commerzbank: 4.0%, consensus: 2.0%). This is partly due to significantly more big-ticket orders – probably also in the defense sector – the volume of which fluctuates greatly and which are usually processed with a considerable time lag, thus hardly affecting production in the short term. However, even if these are factored out, manufacturing companies recorded a 2.2% increase in orders. This was the highest core figure since summer 2023.
For full text see attached PDF-Version.
