German Manufacturing New Orders Summary

Note: This section contains information in English only.
Source: Dukascopy Bank SA
German manufacturing new orders experienced a positive rebound in May 2026, recovering from a revised 3.2% decline in April.

According to provisional, price-adjusted data from the Federal Statistical Office (Destatis), real new orders rose by 1.9% month-on-month (seasonally and calendar adjusted) and surged 6.2% year-on-year compared to May 2025. Even when excluding volatile large-scale orders, core demand still achieved a solid 1.0% monthly growth.

Key Drivers by Sector
  • The monthly growth was heavily driven by large-scale orders in specific transport segments, which helped offset declines in the automotive and electronics sectors:
  • Other Transport Equipment (+85.0%): A massive surge driven by aircraft, ships, trains, and military vehicles.
  • Electrical Equipment (+5.7%): A strong positive contribution to the overall index.
  • Machinery and Equipment (+3.7%): Solid growth aiding the monthly rebound.
  • Automotive Industry (-3.8%): A notable contraction that dragged on the overall index.
  • Computers & Electronics (-7.8%): A significant decline impacting overall growth.
  • Performance Breakdown Demand by Goods Category Demand grew uniformly across all manufacturing sectors:
  • Consumer Goods: +2.4%
  • Capital Goods: +2.2%
  • Intermediate Goods: +1.4%




Geographical Demand Domestic Orders: Rose by a modest 1.3%.
  • Foreign Orders: Increased by 2.2% overall. This international growth was primarily fueled by a powerful 11.2% surge from the euro area, which successfully offset a 3.2% decline from countries outside the euro area.
  • Manufacturing Turnover Real turnover in manufacturing matched this positive momentum, rising in tandem with new orders.
  • Turnover Growth: Manufacturing turnover climbed 1.8% on a month-on-month basis and stood 4.2% higher when compared to May 2025.

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