- German factory orders increased 1.2% month-on-month in February.
- On a yearly basis, German factory orders increased 5.6% in February.
German factory orders increased as expected in February, suggesting that the manufacturing sector in Europe’s economic powerhouse continues its post-pandemic recovery.
Goods contracts ‘Made in Germany’ reached 1.2% monthly compared to 1.2% expected and 1.4% the previous monththe latest data released by the Federal Statistics Office on Thursday showed.
On an annualized basis, Germany’s industrial orders increased sharply by 5.6% in the reported month compared to the previous 2.5%.
About German Factory Orders
The factory requests published by the Deutsche Bundesbank is a measure of the total orders of durable and non-durable goods such as transport (sales), inventories and orders at the manufacturing level which can provide an insight into inflation and growth in the sector. manufacturer. A result higher than expected is bullish for the euro, while a result below the consensus is bearish.