{"id":113747,"date":"2026-10-06T14:35:17","date_gmt":"2026-10-06T14:35:17","guid":{"rendered":"https:\/\/mybusinessfuture.com\/?p=113747"},"modified":"2026-10-06T21:29:11","modified_gmt":"2026-10-06T21:29:11","slug":"industry-august-large-orders-fall-core-business-holds-up","status":"publish","type":"post","link":"https:\/\/mybusinessfuture.com\/en\/industry-august-large-orders-fall-core-business-holds-up\/","title":{"rendered":"Industry in August: Large orders fall away, core business holds up"},"content":{"rendered":"<p style=\"display:inline-block;background:#c0392b;color:#fff;padding:4px 14px;border-radius:20px;font-size:0.85em;margin-bottom:18px;\">4 min read<\/p>\n<p><strong>Provisional figures show that price-adjusted manufacturing orders fell 10.6% in August 2026, far more than expected. Almost all of the decline came from other transport equipment, following July&#8217;s unusually large orders. Excluding large orders, new orders were just 0.1% below July&#8217;s level.<\/strong><\/p>\n<div style=\"background:#202528;color:#fff;padding:32px 36px;margin:32px 0;border-radius:8px;\">\n<p style=\"margin:0 0 18px 0;font-size:0.95em;font-weight:800;text-transform:uppercase;letter-spacing:0.2em;color:#e8828d;border-bottom:2px solid rgba(232,130,141,0.3);padding-bottom:12px;\">Key takeaways<\/p>\n<ul style=\"margin:0;padding-left:22px;color:rgba(255,255,255,0.92);line-height:1.6;\">\n<li style=\"margin-bottom:12px;\"><strong style=\"color:#e8828d;\">Price-adjusted manufacturing orders fell 10.6% month on month in August 2026.<\/strong> Almost all of the decline came from other transport equipment, where orders fell 61.5% after July&#8217;s surge in large orders.<\/li>\n<li style=\"margin-bottom:12px;\"><strong style=\"color:#e8828d;\">Excluding large orders, the decline was 0.1%.<\/strong> However, orders excluding large orders fell 2.6% in the three-month comparison covering June to August.<\/li>\n<li><strong style=\"color:#e8828d;\">Domestic orders fell 17.3% and foreign orders 5.4%.<\/strong> Michael Herzum of Union Investment sees the industry as having stabilised, with an order backlog equivalent to around nine months.<\/li>\n<\/ul>\n<\/div>\n<p style=\"font-size:0.88em;color:#666;margin:20px 0 56px 0;border-top:1px solid #e5e5e5;border-bottom:1px solid #e5e5e5;padding:10px 0;\"><span style=\"color:#202528;font-weight:700;text-transform:uppercase;font-size:0.72em;letter-spacing:0.14em;margin-right:14px;\">Related:<\/span><a href=\"https:\/\/mybusinessfuture.com\/en\/mittelstand-successor-crisis-for-thousands\/\" style=\"color:#333;text-decoration:underline;\">Thousands of German SMEs Cannot Find a Successor<\/a>&nbsp;&nbsp;<span style=\"color:#ccc;\">\/<\/span>&nbsp;&nbsp;<a href=\"https:\/\/mybusinessfuture.com\/en\/bitkom-sees-ai-widely-adopted-but-its-potential-remains-untapped\/\" style=\"color:#333;text-decoration:underline;\">Bitkom: AI is widespread, but its potential remains untapped<\/a><\/p>\n<h2 style=\"padding-top:64px;margin-bottom:20px;\">A reversal in other transport equipment<\/h2>\n<p>Economists had expected a small decline in August. Those surveyed by Dow Jones Newswires forecast <a href=\"https:\/\/de.marketscreener.com\/boerse-nachrichten\/deutscher-auftragseingang-sinkt-im-august-unerwartet-stark-ce785dd8df8bf527\">a 1.0% fall in new orders<\/a>. In fact, price-adjusted manufacturing orders fell <a href=\"https:\/\/www.destatis.de\/DE\/Presse\/Pressemitteilungen\/2026\/10\/PD26_354_421.html\">10.6% compared with July 2026<\/a>. The figures are provisional and adjusted for seasonal and calendar effects. This removes typical seasonal patterns and differences in the number of working days.<\/p>\n<p>Almost all of the decline came from other transport equipment. This sector includes manufacturers of aircraft, ships, trains and military vehicles. Its new orders fell 61.5% in August. In July, they had more than doubled because of an exceptionally high volume of large orders in shipbuilding, rail vehicle manufacturing and aircraft manufacturing. Revised figures put July&#8217;s increase at 129.4% compared with June. August&#8217;s sharp decline therefore followed an exceptional month.<\/p>\n<p>Year on year, orders were still up. Adjusted for calendar effects, August&#8217;s new orders were 2.7% above the level of August 2025. In July, the year-on-year increase had been 14.0%.<\/p>\n<p><strong>What are price-adjusted new orders?<\/strong> Price-adjusted new orders measure the value of new industrial orders after removing price changes. The corresponding index sets the average for 2021 at 100 points and uses X13 JDemetra+ to adjust for seasonal and calendar effects. New orders are surveyed only in selected industries under the 2008 edition of the German Classification of Economic Activities.<\/p>\n<h2 style=\"padding-top:64px;margin-bottom:20px;\">Orders excluding large orders<\/h2>\n<p>Excluding large orders, August&#8217;s new orders were almost unchanged. On this basis, orders were just 0.1% below the previous month. This calculation removes individual orders of very high value, which can have a strong effect on the monthly figure.<\/p>\n<p>The three-month comparison smooths out the outliers in individual months and paints a less favourable picture. Total new orders from June to August 2026 were 1.3% above the preceding three months. Excluding large orders, they fell 2.6% over the same comparison period. Without the large individual orders, the summer months&#8217; order volume was therefore below the previous period&#8217;s level.<\/p>\n<h2 style=\"padding-top:64px;margin-bottom:20px;\">Domestic and foreign orders<\/h2>\n<p>The August decline was steeper at home than abroad. Orders from Germany fell 17.3% month on month, while foreign orders fell 5.4%. Orders from the euro area declined 5.4% and those from outside the euro area fell 5.5%.<\/p>\n<p>By product group, capital goods were hit hardest. These include machinery, equipment and vehicles that businesses buy for their own production. Their new orders were 15.3% below July&#8217;s level. Consumer goods orders fell 7.3% and intermediate goods orders 2.6%. Intermediate goods are inputs such as components or materials used to make other products.<\/p>\n<h2 style=\"padding-top:64px;margin-bottom:20px;\">Machinery orders in the year-on-year comparison<\/h2>\n<p>In machinery and plant engineering, price-adjusted new orders in August 2026 fell <a href=\"https:\/\/www.produktion.de\/wirtschaft\/auftragseingang-maschinenbau-erhaelt-daempfer\/2746371\">5%, according to industry association VDMA<\/a> compared with the same month a year earlier. Domestic orders fell 2% and foreign orders 6%. Orders from euro area partner countries declined 10% and those from non-euro countries fell 5%. These figures measure year-on-year changes, so they cannot be compared directly with the month-on-month figures for industry as a whole.<\/p>\n<p>VDMA chief economist Johannes Gernandt describes the result as a slight setback after two months of growth. Unlike the previous year, there had been no orders for large-scale plant in August.<\/p>\n<h2 style=\"padding-top:64px;margin-bottom:20px;\">Industry&#8217;s order backlog<\/h2>\n<p>Michael Herzum, head of economics at asset manager Union Investment, puts the August figures into a longer-term context. In his initial assessment, German industry&#8217;s order books provide <a href=\"https:\/\/www.boersen-zeitung.de\/ticker\/roundup-deutschland-industrie-auftragseingang-sinkt-ueberraschend-deutlich-3\">an order backlog equivalent to around nine months<\/a>. He says the order situation has improved significantly since autumn 2025. Many companies are processing additional orders with their existing capacity, without expanding production. German industry has stabilised, he says, but this is not yet a boom.<\/p>\n<h2 style=\"padding-top:64px;margin-bottom:20px;\">Frequently Asked Questions<\/h2>\n<details>\n<summary><strong>Why do industrial orders fluctuate so much from month to month?<\/strong><\/summary>\n<p>According to Germany&#8217;s Federal Ministry for Economic Affairs, this is partly due to the growing importance of public procurement. At the beginning of the year, special effects related to the war in the Middle East also shaped demand, but their impact weakened noticeably in the third quarter. The order situation has recently improved particularly in sectors benefiting from the expansion of AI and government procurement.<\/p>\n<\/details>\n<details>\n<summary><strong>How did industrial turnover develop in August?<\/strong><\/summary>\n<p>Provisional figures show that price-adjusted manufacturing turnover was unchanged month on month in August 2026 after seasonal and calendar adjustment. Adjusted for calendar effects, it was 0.9% higher than in August 2025.<\/p>\n<\/details>\n<details>\n<summary><strong>How reliable are the provisional August figures?<\/strong><\/summary>\n<p>Provisional figures are revised later. The revision for July 2026 showed a 3.2% increase in new orders compared with June, up from the provisional figure of 2.5%. July&#8217;s decline in turnover was revised from a provisional 1.5% to 1.4%.<\/p>\n<\/details>\n<h2 style=\"padding-top:64px;margin-bottom:20px;\">Further reading<\/h2>\n<ul>\n<li><a href=\"https:\/\/mybusinessfuture.com\/en\/ai-in-medical-devices-the-new-eu-obligations\/\">AI in Medical Devices: The New EU Obligations<\/a><\/li>\n<li><a href=\"https:\/\/mybusinessfuture.com\/en\/neuralink-restores-voice-als-patient\/\">Neuralink Restores Voice for ALS Patient<\/a><\/li>\n<li><a href=\"https:\/\/mybusinessfuture.com\/en\/bitkom-90-percent-of-firms-want-gdpr-reform\/\">Bitkom: 90 Percent of Companies Want a GDPR Reform<\/a><\/li>\n<\/ul>\n<p style=\"text-align:right;color:#5f5f5f;font-size:0.85em;margin-top:48px;\"><em>Image source: AI-generated (October 2026)<\/em><\/p>\n<p style=\"border-top:1px solid #e9ecef;padding-top:36px;margin:44px 0 18px;font-weight:700;font-size:1.05em;color:#1a1a1a;\">More from the MBF Media Network<\/p>\n<div style=\"padding:14px 18px;border-left:3px solid #0bb7fd;background:#fafafa;margin-bottom:6px;\">\n<div style=\"font-size:0.7em;font-weight:700;color:#0bb7fd;text-transform:uppercase;letter-spacing:0.12em;margin-bottom:4px;\">cloudmagazin<\/div>\n<p><a href=\"https:\/\/www.cloudmagazin.com\/en\/2026\/06\/25\/msi-cubi-nuc-ai-ai-box-under-the-monitor\/\" style=\"font-weight:600;line-height:1.4;color:#1a1a1a;text-decoration:none;\">MSI Cubi NUC AI+: AI Box Under the Monitor<\/a><\/p>\n<\/div>\n<div style=\"padding:14px 18px;border-left:3px solid #d65663;background:#fafafa;margin-bottom:6px;\">\n<div style=\"font-size:0.7em;font-weight:700;color:#d65663;text-transform:uppercase;letter-spacing:0.12em;margin-bottom:4px;\">Digital Chiefs<\/div>\n<p><a href=\"https:\/\/www.digital-chiefs.de\/en\/from-seo-to-geo-why-visibility-has-become-an-architectural-question\/\" style=\"font-weight:600;line-height:1.4;color:#1a1a1a;text-decoration:none;\">From SEO to GEO: Why Visibility Has Become an Architectural Question<\/a><\/p>\n<\/div>\n<div style=\"padding:14px 18px;border-left:3px solid #69d8ed;background:#fafafa;\">\n<div style=\"font-size:0.7em;font-weight:700;color:#69d8ed;text-transform:uppercase;letter-spacing:0.12em;margin-bottom:4px;\">SecurityToday<\/div>\n<p><a href=\"https:\/\/www.securitytoday.de\/en\/2026\/05\/03\/bka-revil-anfuehrer-130-angriffe-deutschland-strafverfolgung\/\" style=\"font-weight:600;line-height:1.4;color:#1a1a1a;text-decoration:none;\">BKA Hunts REvil Leader After 130 Attacks on German Targets<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Industrial orders fell 10.6% in August. Excluding large orders for ships and trains, the decline was just 0.1%.<\/p>\n","protected":false},"author":151,"featured_media":113738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"industrial orders","_yoast_wpseo_title":"Industry in August: Large orders fall away, core business holds up","_yoast_wpseo_metadesc":"German industrial orders fell 10.6% in August. Excluding large orders for ships and trains, the decline was just 0.1%. 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Excluding large orders for ships and trains, the decline was just 0.1%.","language":"en","_evm_slot_owner":"","_evm_translation_lang":"en","_wp_old_slug":[],"footnotes":""},"categories":[1150],"tags":[],"class_list":["post-113747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-engineering-industry","entry"],"evm_reading_time_minutes":6,"wpml_language":"en","wpml_translation_of":113736,"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Industry in August: Large orders fall away, core business holds up<\/title>\n<meta name=\"description\" content=\"German industrial orders fell 10.6% in August. Excluding large orders for ships and trains, the decline was just 0.1%. 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Excluding large orders for ships and trains, the decline was just 0.1%. 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