German Factory Orders jump 4.8% MoM in February vs. 0.3% expected Germany IndustrialProduction EconomicIndicator EURUSD
German Factory output tumbled 5.7% YoY in February vs. -10.5% expected.The German Factory Orders data showed a much bigger-than-expected increase in February, suggesting that the manufacturing sector recovery is gaining momentum.
On an annualized basis, Germany’s Industrial Orders arrived at -5.7% in the reported month vs. -10.5% expected and -12.0% booked in January.The shared currency pays little head to the upbeat German factory data. At the time of writing, Information on these pages contains forward-looking statements that involve risks and uncertainties.
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