Germany’s factory orders rebound in Feb
by ChemOrbis Editorial Team - content@chemorbis.com
According to the data released by Destatis, Germany’s factory orders rebounded in February after a sharp fall in January.
The country’s factory orders increased by 3.4% on a monthly basis following a revised fall of 6.8% in the previous month. However, the rise fell below the estimates of an increase of 4%.
The rise in factory orders in February was mainly driven by an increase of 8.1% in domestic orders, 8.5% in intermediate goods, 2.7% in consumer goods and 0.3% in capital goods.
The country’s factory orders increased by 3.4% on a monthly basis following a revised fall of 6.8% in the previous month. However, the rise fell below the estimates of an increase of 4%.
The rise in factory orders in February was mainly driven by an increase of 8.1% in domestic orders, 8.5% in intermediate goods, 2.7% in consumer goods and 0.3% in capital goods.
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