2025年8月,德国工厂订单环比下降0.8%,低于市场对1.4%增长的预期,此前一个月下调了2.7%。这是连续第四个月下降,主要是由于汽车行业的衰退(-6.4%)。数据处理、电子和光学产品(-11.5%)和药品(-13.5%)的需求也有所减弱。相比之下,金属制品(15.4%)、其他运输设备(17.1%)和电气设备(7.2%)的订单有所增长。按类别划分,资本品(-1.5%)和消费品(-10.3%)的需求有所收缩,但中间产品(3.0%)有所增长。外国订单下降4.1%,非欧元区(-5.0%)和欧元区(-2.9%)市场均有所下降,而国内需求增长4.7%。不包括大型合同,整体订单下降3.3%。6月至8月,工厂订单平均下降2.3%,突显出工业活动持续疲软。
Germany’s factory orders fell 0.8% month-on-month in August 2025, missing market expectations for a 1.4% rise and following a downwardly revised 2.7% drop in the previous month. It marked the fourth straight monthly decline, largely driven by a slump in the automotive sector (-6.4%). Demand also weakened for data processing, electronic and optical products (-11.5%) and pharmaceuticals (-13.5%). In contrast, orders rose for metal products (15.4%), other transport equipment (17.1%), and electrical equipment (7.2%). By category, demand contracted for capital goods (-1.5%) and consumer goods (-10.3%) but increased for intermediate goods (3.0%). Foreign orders dropped 4.1%, with decreases from both non-euro area (-5.0%) and euro area (-2.9%) markets, while domestic demand grew 4.7%. Excluding large-scale contracts, overall orders fell 3.3%. On a three-month average basis, factory orders were down 2.3% between June and August, highlighting persistent weakness in industrial activity.