德国去年11月工业新订单环比增长5.6%

Core Viewpoint - Germany's industrial new orders showed a significant month-on-month increase of 5.6% in November 2025, indicating a positive trend in domestic and Eurozone demand despite challenges from outside the Eurozone [1] Group 1: Domestic and Foreign Orders - Domestic new orders in Germany increased by 6.5% month-on-month in November 2025 [1] - Foreign new orders rose by 4.9%, with new orders from the Eurozone growing by 8.2% and those from outside the Eurozone increasing by 2.9% [1] Group 2: Sector Performance - The growth in industrial new orders was primarily driven by significant orders in the metal products manufacturing sector, which saw a month-on-month increase of 25.3% [1] - The transportation equipment manufacturing sector, including aircraft, ships, trains, and military vehicles, experienced a month-on-month increase of 12.3% in new orders [1] Group 3: Year-on-Year Comparison - Year-on-year, industrial new orders in November 2025 increased by 10.5% after adjusting for working days [1] Group 4: Economic Outlook - The German Federal Ministry for Economic Affairs and Energy noted significant fluctuations in industrial order volumes in recent months, with a sustained growth trend in domestic and Eurozone order demand [1] - In contrast, demand from countries and regions outside the Eurozone has remained weak since spring 2025 due to trade tensions and geopolitical uncertainties, suggesting a continued low outlook for German exports [1]