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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Factory Orders MoM fell to 2.5% in July 2026
DestatisMonthlyReleased September 2026
Germany Factory Orders MoM fell to 2.5% in July 2026, released September 2026, down 1.2% from June's 3.7% reading. The print exceeded the 0.3% consensus by 2.2%. The print is running well above the 12-month average of 0.69%. Over the past 3 months, Factory Orders MoM averaged 0.4%, vs -1.73% in the prior 3-month window. The reading is in the 66th percentile of the trailing 24-month range.
Latest Release
2.5
Actual
0.3
Consensus
3.7
Previous
Median Absolute Error
±2.5 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 0.45
Actual: 2.5
Error: -2.05
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/GBP | ▲ Direct | +0.77 | FOREX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.74 | CRYPTO | Moves against | → View |
| FTSE 100 | ▼ Inverse | −0.59 | INDEX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.57 | FOREX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.52 | 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 2.5% in September 2026. This beat the market consensus of 0.3% by 2.2%. The reading fell from the previous value of 3.7%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 0.78%, 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 trailing three releases averaged 2.5%, up from the prior three at -2.37%. Volatility over the past year (σ 4.97%) is higher than the prior year (σ 4.42%). In September readings over the past 3 years, Factory Orders MoM has averaged 0.83%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/GBP (Bullish EUR). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). 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 October 6, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Sep 15) and Wholesale Prices YoY (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Factory Orders MoM - DE
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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 (Jul 2026): actual 2.5 %, consensus 0.3 %. Prior reading (Jun 2026): 3.1 %. Before that (May 2026): 1.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bullish EUR, r=0.77) — a useful reference for forex-focused traders.
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Economic Calendar - DE Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Wholesale Prices MoM | 0.2 | 0.1 | -0.60 | Medium | |
| 06:00 | DE | Wholesale Prices YoY | 5.3 | 6.2 | 5.35 | Medium | |
| 09:00 | DE | ZEW Economic Sentiment Index | 34.2 | 37 | 45.25 | High | |
| 09:00 | DE | ZEW Current Conditions | -61.1 | -52.2 | -53.70 | Low | |
| 09:00 | DE | Economic Sentiment | 34.2 | 42.7 | 50.85 | Medium | |