German orders in the manufacturing sector fell in February, mainly due to falling orders from abroad.
Manufacturing orders fell 2.2% month-on-month in February on adjusted terms, following a revised 2.3% increase in January, according to Destatis.
Economists expected orders to fall by 0.5%.
Capital goods orders fell 2.8%. Manufacturers of intermediate goods saw their new orders in February fall 1.9% a month ago.
Regarding consumer goods, orders increased by 0.7%.
Overseas orders fell 3.3% in February from the previous month.
New orders from the eurozone fell 3.3% and new orders from other countries fell 3.4%.
Domestic orders fell 0.2% compared to the previous month.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
