Overview
- Official preliminary data show real, price‑adjusted factory order intake rose 3.1% month‑on‑month in June, recorded by the Federal Statistical Office.
- The gain was concentrated in machinery and electronic and optical products, where several firms reported Großaufträge, pushing those sectors sharply higher.
- When large one‑off orders are removed from the figures, June order intake fell 0.5% month‑on‑month and the three‑month increase disappears, signaling weak underlying demand.
- The federal economics ministry attributes much of the headline rise to higher public procurement linked to Bundeswehr modernization and the Sondervermögen Infrastruktur und Klimaneutralität, while domestic orders grew and eurozone orders fell.
- Real manufacturing turnover fell 1.3% in June, showing that new contracts have not yet translated into delivered sales and that preliminary data and incomplete large‑order reporting could be revised.