National economy Incoming orders in German industry increase significantly
German industrial companies surprisingly received significantly more orders in November. Compared to October, new orders rose by 5.6 percent, adjusted for seasonal and calendar effects, according to the Federal Statistical Office in Wiesbaden.
08.01.2026, 09:45
08.01.2026, 10:57
SDA
Excluding large orders, incoming orders were 0.7 percent higher than in the previous month. Experts surveyed by the financial news agency Bloomberg had expected a decline after a strong October figure. The increase in October was also revised upwards slightly to 1.6 percent.
According to the data, an above-average accumulation of large domestic orders also ensured an increase of 4.0% in the less volatile three-month comparison compared to the previous three months. Even without large orders, incoming orders increased by 2.1% in a three-month comparison. Compared to November 2024, the increase amounted to 10.5%.
Economists see possible trend reversal
Economists spoke of positive signals. "Finally, a figure from the German economy that there is nothing to complain about," said Jens-Oliver Niklasch from Landesbank Baden-Württemberg (LBBW). He spoke of a real sign of a possible turnaround. Thomas Gitzel, chief economist at VP Bank, called the figures an economic surprise. According to him, incoming orders in the coming months will continue to be characterized above all by armaments orders.
Sebastian Dullien, Scientific Director of the Institute for Macroeconomics and Economic Research (IMK) at the Hans Böckler Foundation, expressed a similar view. Armaments orders are likely to lead to a further increase in incoming orders. The increase in orders is a further indication that rising government spending will boost the economy in the new year.
"Government spending is boosting the German economy"
"This support is very welcome for industry," emphasized Dullien. 2026 should be significantly better for German industry than the past year. In addition to rising government spending on armaments, the increase in infrastructure investments should also bring more orders to industry.
According to the Federal Statistical Office, the strongest impetus for demand once again came from Germany, with an increase in orders of 6.5%. Demand from abroad also increased by 4.9%.
There was significant growth in orders for manufacturers of metal products at 25.3 percent and in other vehicle construction (aircraft, ships, trains, military vehicles) with an increase of 12.3 percent.
