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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Factory Orders MoM fell to -3.8% in April 2026
DestatisMonthlyReleased June 2026
Germany Factory Orders MoM fell to -3.8% in April 2026, released June 2026, down 8.3% from March's 4.5% reading. The reading missed the -1.2% consensus by 2.6%. The print is running well below the 12-month average of 0.86%. Over the past 3 months, Factory Orders MoM averaged 2.95%, vs 0.77% in the prior 3-month window. The reading is in the 20th percentile of the trailing 24-month range.
Latest Release
-3.8
Actual
-1.2
Consensus
4.5
Previous
Median Absolute Error
±2.5 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: -1.2
Actual: -3.8
Error: +2.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.74 | CRYPTO | Bearish BTC | → View |
| EUR/GBP | ▲ Direct | +0.71 | FOREX | Bullish EUR | → View |
| FTSE 100 | ▼ Inverse | −0.59 | INDEX | Bearish FTSE 100 | → View |
| Euro STOXX 50 | ▼ Inverse | −0.54 | INDEX | Bearish Euro STOXX 50 | → View |
| EUR/USD | ▼ Inverse | −0.51 | FOREX | Bearish EUR | → 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 -3.8% in June 2026. This missed the market consensus of -1.2% by 2.6%. The reading fell from the previous value of 4.5%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -0.4%, ranging from -11.1% to 7.8% across 9 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged -2.37%, down from the prior three at 2.73%. Volatility over the past year (σ 5.18%) is higher than the prior year (σ 4.46%). In June readings over the past 3 years, Factory Orders MoM has averaged -1.13%.
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 2.5%.
WHAT TO WATCH NEXT
The next release is scheduled for July 6, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Jun 15) and Wholesale Prices YoY (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (Apr 2026): actual -3.8 %, consensus -1.2 %. Prior reading (Mar 2026): 5 %. Before that (Feb 2026): 0.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.74) — a useful reference for crypto-focused traders.