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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Factory Orders MoM climbed to 1.9% in May 2026
DestatisMonthlyReleased July 2026
Germany Factory Orders MoM climbed to 1.9% in May 2026, released July 2026, up 5.1% from April's -3.2% reading. The print exceeded the 1.2% consensus by 0.7%. The print is running well above the 12-month average of 0.24%. Over the past 3 months, Factory Orders MoM averaged 0.7%, vs 0.77% in the prior 3-month window. The reading is in the 61st percentile of the trailing 24-month range.
Latest Release
1.9
Actual
1.2
Consensus
-3.2
Previous
Median Absolute Error
±2.26 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: -0.1
Actual: 1.9
Error: -2
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 |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.73 | CRYPTO | Moves against | → View |
| EUR/GBP | ▲ Direct | +0.67 | FOREX | Moves with | → View |
| FTSE 100 | ▼ Inverse | −0.59 | INDEX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.52 | INDEX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.51 | FOREX | 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 1.9% in July 2026. This beat the market consensus of 1.2% by 0.7%. The reading rose from the previous value of -3.2%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -0.17%, 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 upward over the last three releases. The trailing three releases averaged -4.33%, down from the prior three at 4.97%. Volatility over the past year (σ 4.97%) is comparable than the prior year (σ 4.64%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with EUR/GBP, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 2.26%.
WHAT TO WATCH NEXT
The next release is scheduled for August 6, 2026. Same-country events in the next 14 days include Retail Sales MoM (Aug 3) and Retail Sales YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update July 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 (May 2026): actual 1.9 %, consensus 1.2 %. Prior reading (Apr 2026): -3.8 %. Before that (Mar 2026): 5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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 BTC/USD (Bearish BTC, r=-0.73) — a useful reference for crypto-focused traders.
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Economic Calendar - DE Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.4 | 0.1 | 0.15 | High |
| 08:00 | DE | GDP Growth Rate YoY | 0.9 | 0.7 | 0.6 | 0.75 | High |
| 08:00 | DE | Gross Domestic Product QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 08:00 | DE | Gross Domestic Product YoY | 0.9 | 0.4 | 0.6 | 0.75 | Medium |
| 12:00 | DE | Inflation Rate YoY | 2.8 | 2.3 | 2.7 | 2.75 | High |
| 12:00 | DE | Harmonised Inflation Rate YoY | 2.8 | 2.4 | 2.8 | 2.80 | Low |
| 12:00 | DE | Harmonised Inflation Rate MoM | 0.9 | -0.2 | 0.8 | 0.85 | Low |
| 12:00 | DE | HICP MoM | 0.9 | -0.2 | 0.8 | 0.85 | Low |
| 12:00 | DE | HICP YoY | 2.8 | 2.4 | 2.8 | 2.80 | Low |
| 12:00 | DE | Inflation Rate MoM | 0.8 | -0.3 | 0.7 | 0.75 | Medium |
| 12:00 | DE | CPI YoY | 2.8 | 2.3 | 2.7 | 2.75 | Medium |
| 12:00 | DE | CPI MoM | 0.8 | -0.3 | 0.7 | 0.75 | High |