Allemagne Commandes de l'industrie

Germany’s factory orders rose 1.5% month-on-month in October 2025, exceeding market forecasts of 0.5% but slowing from an upwardly revised 2.0% gain in the previous month. The latest figure marked the second consecutive monthly rise, supported by a large 87.1% jump in aircraft, ships, trains, and military vehicle orders, alongside an 11.9% rise in metal production and processing. In contrast, demand for electrical equipment fell 16.2%. By category, orders rose for capital goods (4.9%) but declined for intermediate (-3.4%) and consumer goods (-2.2%). Domestic orders surged 9.9%, while foreign demand fell 4.0%, dragged by weakness from non-Euro area markets (-6.5%), with Euro area orders up slightly (0.1%). Excluding large-scale contracts, overall orders rose 0.5%. On a three-month average from August to October, factory orders fell 0.5%, but excluding large contracts, they grew 2.0%, reflecting steady underlying demand