• German factory orders rose less than expected in February

Market news

5 April 2018

German factory orders rose less than expected in February

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in February 2018 a seasonally and calendar adjusted 0.3% on the previous month. For January 2018, revision of the preliminary outcome resulted in a decrease of 3.5% compared with December 2017 (primary -3.9%). Price-adjusted new orders without major orders in manufacturing had decreased in February 2018 a seasonally and calendar adjusted -0.7% on the previous month.

Domestic orders decreased by 1.4% and foreign orders increased by 1.4% in February 2018 on the previous month. New orders from the euro area were up 4.5%, new orders from other countries decreased 0.6% compared to January 2018.

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