German Manufacturing Orders Rose More Than Expected in February

04/08/2021 | 02:23am
Maria Martinez

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

(END) Dow Jones Newswires

04-08-21 0222ET

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