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German industrial orders rise more than expected in February
Abstract：BERLIN (Reuters) – German industrial orders rose more than expected in February driven by strong growth in the vehicle construction sector.
BERLIN (Reuters) – German industrial orders rose more than expected in February driven by strong growth in the vehicle construction sector.
Orders increased by 4.8% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Wednesday.
A Reuters poll of analysts had pointed to a 0.3% increase.
New orders in the manufacturing sector have risen for the third month in a row and are 7.3% higher than in November 2022, the statistics office said.
Excluding large-scale orders, there was a month-on-month increase of 1.2% in February.
The statistics office publishes more economic data on its website.
(Reporting by Linda Pasquini and Maria Martinez, Editing by Rachel More)
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