Investor Alert

New York Markets After Hours

March 5, 2021, 3:31 a.m. EST

German manufacturing orders stronger than expected

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Maria Martinez

German manufacturing orders rose by more than expected in January, federal statistics office Destatis said Friday.

Manufacturing orders grew 1.4% on month in January in adjusted terms after a revised 2.2% contraction in December, according to Destatis. Economists polled by The Wall Street Journal had expected January orders to grow 0.5% on month.

On an annual basis, orders rose 2.5%, adjusted for calendar and price effects.

New orders in January were 3.7% 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 January, domestic orders fell 2.6% on month while foreign orders increased 4.2%, Destatis said.

German industrial production data for January is due to be published on Monday.

Write to Maria Martinez at maria.martinez@wsj.com

This Story has 0 Comments
Be the first to comment
More News In
Economy & Politics

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.