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Germany’s factory orders fall below estimates in February

by ChemOrbis Editorial Team -
  • 08/04/2015 (12:19)
According to media reports, Germany’s factory orders fell below estimates in February. Data released by Germany’s Ministry of Economy showed that the country’s factory orders fell 0.9% on a seasonally and inflation adjusted basis in February following a revised decrease of 2.6% in the previous month. Initial estimates called for an increase of 1.5% in a survey conducted by Bloomberg.

The data showed that Germany’s export orders decreased by 1.6% in February. However, country’s consumer goods orders increased 2.9% while orders for investment goods rose 1.9% compared with the previous month.

On a yearly basis, Germany’s factory orders decreased 1.3% in February.
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