Business German industrial orders rise on strong domestic demand in...

German industrial orders rise on strong domestic demand in February By Reuters

-

- Advertisment -


© Reuters. FILE PHOTO: A worker at German manufacturer of silos and liquid tankers, Feldbinder Special Vehicles, moves rolls of aluminium at the company’s plant in Winsen

BERLIN (Reuters) – German industrial orders rose for the second month in a row in February driven by strong domestic demand, data showed on Thursday in a further sign that manufacturers are set to cushion a pandemic-related drop in overall output in the first quarter.

The data published by the Federal Statistics Offices showed orders for industrial goods increased on the month by 1.2% in seasonally adjusted terms. This was in line with a Reuters forecast.

The increase came after a downwardly revised rise of 0.8% in January.

Domestic orders jumped by 4% on the month while foreign orders fell by 0.5%. Still, bookings from other euro zone countries increased by 2.7%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest news

Delta Air Lines Is Great But The Stock Has No Upside (NYSE:DAL)

Delta Air Lines Is Great But There Is No Upside Potential

Armin Laschet to run as candidate to succeed Merkel after rival backs out

Armin Laschet was named as the German centre-right’s candidate for chancellor in this year’s national election, after his rival...

15 Business Ideas for Nurse Entrepreneurs – NerdWallet

For those with an entrepreneurial mindset, there’s an endless list of potential business opportunities and ways to build a...

Axos Financial to buy E-Trade Advisor Services

Axos Financial in San Diego has agreed to buy E-Trade Advisor Services from Morgan Stanley.The parent of the $14.4...
- Advertisement -

Must read

Armin Laschet to run as candidate to succeed Merkel after rival backs out

Armin Laschet was named as the German centre-right’s candidate...
- Advertisement -

You might also likeRELATED
Recommended to you