Germany EUR

Germany Factory Orders MoM

Impact:
Medium

Latest Release:

Date:
Surprise:
-3.4%
| EUR
Actual:
-2.9%
Forecast: 0.5%
Previous/Revision:
-0.2%
Period: Jul

Next Release:

Date:
Period: Aug
What Does It Measure?
Germany's Factory Orders MoM measures the change in the total value of new purchase orders placed with manufacturers. It primarily focuses on the manufacturing sector, assessing demand trends, and serves as a critical indicator for economic activity within the industrial production landscape.
Frequency
This indicator is released monthly, usually on the first business day of the month, presenting the preliminary estimate which can be subject to later revisions.
Why Do Traders Care?
Traders closely monitor Germany’s Factory Orders MoM as it provides insights into the manufacturing sector's health, which can impact the Euro, stock indices, and the broader economic outlook. Positive results often lead to bullish sentiment in currencies and equities, while weak data may generate bearish responses.
What Is It Derived From?
The Factory Orders MoM is derived from a survey of manufacturers that captures the value of new orders, and the data collection methods follow industry standards and are based on actual transaction values rather than estimates. The survey includes a wide array of manufacturers to provide a comprehensive snapshot of industry demand.
Description
Preliminary reports provide early estimates that are subject to revisions once final figures are released, resulting in a more accurate reflection of economic conditions. The month-over-month (MoM) reporting method is employed to analyze short-term fluctuations which can help identify immediate shifts in economic performance.
Additional Notes
Factory Orders MoM is considered a leading economic indicator as it often precedes changes in production and employment. Its performance is closely watched not just within Germany but also by international markets as Germany is a key player in the EU economy.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for Euro, Bullish for Stocks. Lower than expected: Bearish for Euro, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
-2.9%
0.5%
-0.2%
-3.4%
-1%
1%
-0.8%
-2%
-1.4%
-0.1%
1.6%
-1.3%
0.6%
-1%
3.4%
1.6%
3.6%
1.3%
0%
2.3%
0%
3.5%
-5.5%
-3.5%
-7%
-2.8%
5.9%
-4.2%
6.9%
2%
-5.2%
4.9%
-5.4%
0%
-1.5%
-5.4%
-1.5%
-2%
7.2%
0.5%
4.2%
1.5%
-5.4%
2.7%
-5.8%
-2%
3.9%
-3.8%
2.9%
-1.5%
4.6%
4.4%
3.9%
0.8%
-1.7%
3.1%
-1.6%
0.5%
-0.6%
-2.1%
-0.2%
0.3%
-0.8%
-0.5%
-0.4%
0.5%
-0.8%
-0.9%
0.2%
0.8%
-11.4%
-0.6%
-11.3%
-6%
12%
-5.3%
8.9%
0%
0%
8.9%
0.3%
1%
-3.8%
-0.7%
-3.7%
0.2%
0.7%
-3.9%
0.2%
-1%
1.9%
1.2%
3.9%
1.8%
-11.3%
2.1%
-11.7%
-4%
7.6%
-7.7%
7%
-2%
6.2%
9%
6.4%
1.2%
0.2%
5.2%
-0.4%
3%
-10.9%
-3.4%
-10.7%
-2.2%
4.5%
-8.5%
4.8%
0.3%
0.5%
4.5%
1%
-0.9%
3.4%
1.9%
3.2%
2%
-4.4%
1.2%
-5.3%
-0.5%
0.6%
-4.8%
0.8%
0.1%
-2.9%
0.7%
-4%
-0.5%
-2%
-3.5%
-2.4%
-0.7%
1.9%
-1.7%
-1.1%
-0.5%
-0.3%
-0.6%
-0.4%
-0.8%
-0.2%
0.4%
0.1%
-0.6%
-1.8%
0.7%
-2.7%
0.3%
-4.2%
-3%
-4.7%
-1.1%
-0.8%
-3.6%
-2.2%
-0.2%
2.3%
-2%
1.8%
1%
3%
0.8%
2.8%
0.5%
3.6%
2.3%
3.7%
2.1%
-5.8%
1.6%
-6.9%
-0.5%
1.8%
-6.4%
1.3%
2%
-8.8%
-0.7%
-7.7%
-2.1%
4.9%
-5.6%
3.4%
-1%
4.6%
4.4%
4.1%
1.9%
-3.2%
2.2%
-3.7%
1%
1.2%
-4.7%
-0.2%
1%
3.9%
-1.2%
3%
1.7%
1.4%
1.3%
1.2%
1.2%
0.8%
1.4%
0.7%
-2.2%
0.7%
-1.9%
-1%
2.7%
-0.9%
2.3%
-1.2%
3.3%
3.5%
2.9%
1.5%
1.1%
1.4%
0.5%
2%
4.9%
-1.5%
4.5%
2.6%
3.3%
1.9%
2.8%
5%
28.8%
-2.2%
27.9%
10.1%
10.4%
17.8%
10.4%
15%
-26.2%
-4.6%
-25.8%
-19.7%
-15%
-6.1%
-15.6%
-10%
-1.2%
-5.6%
-1.4%
-2.4%
4.8%
1%
5.5%
1.4%
-2.1%
4.1%
-2.1%
0.6%
-0.8%
-2.7%
-1.3%
0.3%
0.2%
-1.6%
-0.4%
0.3%
1.5%
-0.7%
1.3%
0.1%
-0.4%
1.2%
-0.6%
-0.3%
-2.1%
-0.3%
-2.7%
-1.5%
2.7%
-1.2%
2.5%
0.5%
-2%
2%
-2.2%
-0.1%
0.4%
-2.1%
0.3%
0.1%
0.8%
0.2%
0.6%
1.5%
-4%
-0.9%
-4.2%
0.3%
-2.1%
-4.5%
-2.6%
0.5%
0.9%
-3.1%
-1.6%
0.3%
-0.2%
-1.9%
-1%
-0.4%
0.2%
-0.6%
0.3%
-0.4%
0.1%
0.7%
0.3%
-0.6%
2.5%
0.9%
2%
0.5%
-0.9%
1.5%
-0.9%
1.8%
-3.9%
-2.7%
-4%
-0.4%
2.6%
-3.6%
2.6%
1.1%
-1.6%
1.5%
-2.5%
0.8%
-1.1%
-3.3%
-0.9%
0.5%
-0.2%
-1.4%
0.3%
1.5%
-3.5%
-1.2%
-3.9%
-1.9%
3%
-2%
3.8%
0.7%
-0.1%
3.1%
-0.4%
-0.5%
0.7%
0.1%
0.5%
-0.3%
1.2%
0.8%
1%
-1.5%
4.1%
2.5%
3.6%
0.7%
-0.4%
2.9%
-0.7%
0.1%
0.9%
-0.8%
1%
0.5%
1.1%
0.5%
1%
2%
-2.2%
-1%
-2.1%
-0.4%
1.1%
-1.7%
1%
1%
3.5%
3.4%
4%
-6.8%
-0.6%
-7.4%
-2.5%
5.2%
-4.9%
5.2%
0.5%
-3.6%
4.7%
-2.5%
-2.3%
5%
-0.2%
4.9%
0.6%
-0.3%
4.3%
-0.6%
0.3%
0.9%
-0.9%
1%
0.2%
0.3%
0.8%
0.2%
0.5%
-0.3%
-0.3%
-0.4%
0.6%
0.1%
-1%
0%
1%
-1.9%
-1%
-2%
-0.5%
2.6%
-1.5%
1.9%
0.7%
-0.8%
1.2%
-1.2%
0.2%
0.5%
-1.4%
-0.1%
-0.3%
-0.2%
0.2%
-0.7%
-0.5%
1.5%
-0.2%
1.5%
0.1%
1.7%
1.4%
1.8%
1.2%
-0.7%
0.6%
-1.7%
1%
-1.8%
-2.7%
-1.8%
0.5%
-2.2%
-2.3%
-1.4%
-0.6%
1.8%
-0.8%
2%
0.2%
-0.3%
1.8%
-0.2%
-0.4%
2.2%
0.2%
1.4%
0.5%
1.1%
0.9%
0.9%
1.5%
-0.9%
-0.6%