According to provisional results of the Destatis, real (price adjusted) new orders increased by a seasonally and calendar adjusted 2.8% in July 2020 compared with June 2020. Economists had expected a 5.0% increase.

Compared with July 2019, the decrease in calendar adjusted new orders amounted to 7.3%. Excluding major orders, real new orders in manufacturing seasonally and calendar adjusted were 6.2% higher than in the previous month.

Compared with February 2020, the month before restrictions were imposed due to the corona pandemic in Germany, new orders in July 2020 were 8.2% lower in seasonally and calendar adjusted terms.

Domestic orders decreased by 10.2% and foreign orders rose by 14.4% in July 2020 on the previous month. New orders from the euro area went up 7.3%, and new orders from other countries increased by 19.2% compared with June 2020.

In July 2020 the manufacturers of intermediate goods saw new orders increase by 9.5% compared with June 2020. The manufacturers of capital goods saw a decrease of 0.4% on the previous month. Regarding consumer goods, new orders rose 0.2%.