New manufacturing orders in Germany rose more than expected in May, supported by strong demand in the transport equipment sector, official data showed on Monday.
According to preliminary figures from the Federal Statistical Office (Destatis), new orders in manufacturing increased 1.9% month-on-month in May after seasonal and calendar adjustment, beating market expectations of a 1.1% rise.
Excluding large-scale orders, new orders still grew by 1% compared with the previous month.
On a year-on-year basis, manufacturing orders rose 6.2% in May, indicating continued recovery in parts of Germany’s industrial sector.
Destatis said the monthly increase was largely driven by a sharp 85% jump in orders for other transport equipment, including aircraft, ships, trains and military vehicles, reflecting several large-scale contracts.
Additional gains were recorded in machinery and equipment production, up 3.7%, and electrical equipment, up 5.7%. However, the automotive industry saw a 3.8% decline, while orders for computer, electronic and optical products fell 7.8%.
By category, capital goods orders rose 2.2%, intermediate goods increased 1.4%, and consumer goods gained 2.4%.
Foreign demand also strengthened, rising 2.2%, supported by an 11.2% increase in eurozone orders, although orders from outside the euro area declined 3.2%. Domestic orders increased 1.3%.
The less volatile three-month comparison showed a slight 0.2% decline in overall orders from March to May, though figures excluding large-scale orders indicated a 4.1% increase. Real manufacturing turnover also rose 1.8% month-on-month and was 4.2% higher than a year earlier, Destatis added.
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