German Industry Order Backlog Grows for Third Consecutive Month
The order backlog of the German industry increased for the third consecutive month in October, according to data from the Federal Statistical Office in Wiesbaden. The stock of open orders rose by 0.6 percent compared to…
German Industry Order Backlog Grows for Third Consecutive Month
The order backlog of the German industry increased for the third consecutive month in October, according to data from the Federal Statistical Office in Wiesbaden. The stock of open orders rose by 0.6 percent compared to the previous month and was 3.7 percent higher than in October 2024. This positive trend is largely attributed to a rise in orders within the “Other Vehicle Construction” sector, which includes aircraft, ships, trains, and military vehicles. In particular, defense contracts have seen a noticeable increase recently. Conversely, the automotive industry’s order backlog declined by 1.4 percent, indicating challenges in that sector.
