Germany domestic capital goods turnover index
Germany domestic capital goods turnover index stood at 116.8 in Aug 2026, according to Deutsche Bundesbank. It is one of the indicators in the Industrial production, turnover and productivity table (Value · Monthly), with a complete series running from Jan 1991 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Industrial production, turnover and productivity table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry | 111.2 | 110.8 | 110.3 | 110.5 | 110.7 | 109.3 | 108.9 | 109.6 | 110.7 | 109.5 | |
| Capital goods | 116.8 | 117 | 117.7 | 116.1 | 117 | 115.4 | 115.2 | 118.1 | 119.7 | 117.2 | |
| Consumer goods (Durable- and Non-durable goods) | 115.4 | 116.1 | 114.7 | 116.1 | 116.6 | 115.8 | 117.4 | 119.2 | 118.1 | 117.2 |
Understanding germany domestic capital goods turnover index
Billings generated by domestic manufacturers selling machinery, commercial transport equipment, and heavy industrial infrastructure to resident businesses dictate the trajectory of this index. It measures the monetary value of equipment intended to produce other goods or provide services, encompassing everything from factory robotics to commercial fleets delivered within the local market. By isolating capital goods, this metric strips away the noise of fast-moving consumer purchases or raw material fluctuations, focusing purely on corporate investment expenditure. It diverges from export equivalents by strictly counting transactions where both the manufacturing origin and the final corporate buyer are situated within the country's borders.
Tracking the unadjusted annual changes offers the most reliable perspective on corporate investment cycles, as large machinery orders often create lumpy, irregular revenue streams that distort short-term month-on-month readings. Seasonally adjusted figures attempt to smooth these out, but the inherent volatility of big-ticket contracts means quarterly averages sometimes provide a more stable analytical foundation. Analysts must account for the fact that invoiced turnover reflects current prices, making it susceptible to inflation in high-tech components or specialized labor costs. Reclassifications in industrial sector codes can occasionally shift certain dual-use goods into consumer categories, causing subtle structural breaks. A common pitfall is equating this domestic revenue stream directly with overall capacity expansion, as it does not capture imported machinery installed by local enterprises.
Frequently asked questions
- Does this cover software and intellectual property investments?
- This index is restricted to physical industrial output and physical capital equipment, excluding intangible assets entirely.
- Are private vehicle purchases by local households tracked here?
- Passenger cars bought for private use fall under consumer durables, whereas commercial fleets purchased by businesses are counted as capital goods.
- Why might this index show sudden single-month spikes?
- Deliveries of high-value, bespoke industrial equipment often trigger massive single invoices, causing irregular monthly volatility that does not necessarily imply a sustained trend.