- German factory orders rose 1.8% in January.
- German retail sales rose 10.3% yoy in January from 0.8% previously.
The German factory orders rose more than expected in Januarywhich suggests that the recovery in the manufacturing sector of the European economic power is on an upward trajectory.
Contracts for goods ‘Made in Germany’ rose 1.8% in the month vs. 1.0% expected and the previous 3.0%, according to the latest data published this Monday by the Federal Statistical Office.
In annualized terms, German industrial orders increased by 7.3% in the reported month vs. 5.4% forecast and 5.9% prior.
In the meantime, German retail sales rebounded strongly by 2.0% in January vs. 1.5% expected and -4.6% seen the month before.
On an annual basis, retail sales rose 10.3% in January.compared to the 9.5% expected and the 0.8% registered in December.
Source: Fx Street
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