Germany February factory orders +1.2% vs +1.2% m/m expected

Author: Justin Low | Category: News

Latest data released by Destatis - 8 April 2021

  • Prior +1.4%; revised to +0.8%
  • Factory orders WDA +5.6% vs +5.3% y/y expected
  • Prior +2.5%; revised to +1.4%
The readings meet estimates as German industrial orders reflect a slight bounce again in February, as previewed by the manufacturing PMI reports previously. This just reaffirms the narrative that the industrial/manufacturing sector is holding up well to start the year but the key focus remains on the outlook going into 2H 2021.
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