Loading page content
Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Factory Orders MoM fell to -10.6% in August 2026
DestatisMonthlyReleased October 2026
Germany Factory Orders MoM fell to -10.6% in August 2026, released October 2026, down 13.8% from July's 3.2% reading. The reading missed the -1.0% consensus by 9.6%. Factory Orders MoM has now declined for 3 consecutive months. Over the past 3 months, Factory Orders MoM averaged 2.8%, vs 1.03% in the prior 3-month window. Factory Orders MoM is now the lowest in 6 months.
Latest Release
-10.6
Actual
-1
Consensus
3.2
Previous
Median Absolute Error
±2.5 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 0.25
Actual: -10.6
Error: +10.85
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.75 | FOREX | Moves against | → View |
| EUR/GBP | ▲ Direct | +0.66 | FOREX | Moves with | → View |
| EUR/JPY | ▼ Inverse | −0.65 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.63 | CRYPTO | Moves against | → View |
| FTSE 100 | ▼ Inverse | −0.48 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Factory Orders MoM (Germany) was reported at -10.6% in October 2026. This missed the market consensus of -1% by 9.6%. The reading fell from the previous value of 3.2%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged -0.2%, ranging from -11.1% to 7.8% across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -1.67%, up from the prior three at -4.33%. Volatility over the past year (σ 6.04%) is higher than the prior year (σ 4.1%). In October readings over the past 3 years, Factory Orders MoM has averaged -5.73%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with EUR/GBP, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 2.5%.
WHAT TO WATCH NEXT
The next release is scheduled for November 5, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Oct 30) and Inflation Rate MoM (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
SHARE
Factory Orders MoM - DE
Loading chart data...
About Factory Orders MoM — Germany
DEFINITION
Factory Orders MoM (Month-over-Month) is a key economic indicator that measures the change in the total value of new orders placed with manufacturers for durable and non-durable goods in a specific month. This indicator provides valuable insights into the strength of the manufacturing sector and overall economic activity, as well as potential future trends in consumer spending and business investment. It is closely monitored by investors, policymakers, and analysts as it can impact stock markets, interest rates, and inflation. A positive Factory Orders MoM reading indicates an increase in demand for goods, while a negative reading suggests a decline in orders, which can have significant implications for the economy.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual -10.6 %, consensus -1 %. Prior reading (Jul 2026): 2.5 %. Before that (Jun 2026): 3.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/USD (Bearish EUR, r=-0.75) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - DE Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | DE | Import Prices MoM | 2.1 | 1 | 1.8 | 1.95 | Low |
| 07:00 | DE | Import Prices YoY | 10.4 | 8.3 | 10.3 | 10.35 | Low |
| 08:55 | DE | Unemployment Rate | 6.4 | 6.4 | 6.4 | 6.43 | High |
| 08:55 | DE | Unemployed Persons | 3.016 | 3.012 | 3.017 | 3.02 | Medium |
| 08:55 | DE | Employment Change | 4 | 12 | 5 | 5.00 | High |
| 09:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 09:00 | DE | GDP Growth Rate YoY | 1.2 | 1 | 1.1 | 1.15 | High |