German Manufacturing Orders Rose More Than Expected in February

By Maria Martinez

German manufacturing orders rose by more than expected in February, federal statistics office Destatis said Thursday.

Manufacturing orders grew 1.2% on month in February in adjusted terms after a revised 0.8% increase in January, according to Destatis. Economists polled by The Wall Street Journal had expected February orders to grow 1.0% on month.

New orders in February were 5.6% higher in seasonally and calendar-adjusted terms compared with February 2020, the month before restrictions were first imposed in Germany due to the coronavirus pandemic.

In February, domestic orders rose 4.0% on month while foreign orders fell 0.5%, Destatis said.

German industrial production data for February is due to be published on Friday.

Write to Maria Martinez at [e-mail]

(END) Dow Jones Newswires

04-08-21 0222ET