Germany real capital goods orders without other transport
Germany real capital goods orders without other transport stood at 84.1 in Aug 2026, according to Deutsche Bundesbank. It is one of the indicators in the Manufacturing orders and order backlog table (Value · Monthly), with a complete series running from Jan 1995 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Manufacturing orders and order backlog table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Intermediate and capital goods | 85.5 | 96 | 92.4 | 88.9 | 88.8 | 91.4 | 87.8 | 86.6 | 98.6 | 92.4 | |
| Capital goods | 87.7 | 103.6 | 100.2 | 93.1 | 91.7 | 93.9 | 92.4 | 91.4 | 107.9 | 100.1 | |
| Capital goods excluding 30 Manufacture of other transport equipment | 84.1 | 82.6 | 96.2 | 80.2 | 88.4 | 90.2 | 88.8 | 83.6 | 100.6 | 89.7 |
Understanding germany real capital goods orders without other transport
By selectively filtering out division 30—the manufacture of other transport equipment—this refined constant-price index presents a stabilised view of capital investment demand. It captures the volume of contracts for standard industrial machinery, commercial vehicles, and heavy equipment while stripping away the disruptive impact of massive, infrequent maritime and aerospace orders. This creates a narrower, less volatile sibling to the total capital goods metric, offering a clearer picture of routine business-to-business asset expansion. The resulting measurement focuses strictly on the core mechanical and electrical engineering base that drives typical factory expansions.
Relying on month-on-month analysis is vastly more practical with this adjusted series than with the unrestricted capital goods index, as the primary source of extreme single-month distortion has been mathematically removed. Nevertheless, calendar and seasonal adjustments remain necessary to account for regular industrial holiday patterns. Even without ships and aircraft, preliminary figures can undergo structural revisions as smaller plant equipment contracts are finalised. When assessing long-term investment cycles, analysts must remember that this metric intentionally ignores a significant portion of heavy industry, meaning it diverges sharply from total industrial revenue figures during periods of robust aerospace procurement.
Frequently asked questions
- Does the removal of transport equipment exclude industrial robotics?
- No, robotics and factory automation fall under standard machinery classifications and remain fully represented in this index.
- Why is standardising the capital goods baseline necessary?
- Removing lumpy aerospace and maritime contracts reveals the true underlying pace of routine factory and machinery investments.
- Are trains and railway rolling stock still counted?
- Railway locomotives and rolling stock are classified alongside aerospace and maritime equipment, meaning they are explicitly excluded from this measure.