Germany March factory orders +3.0% vs +1.5% m/m expected

Author: Justin Low | Category: News

Latest data released by Destatis - 6 May 2021

  • Prior +1.2%; revised to +1.4%
  • Factory orders WDA +27.8% vs +25.6% y/y expected
  • Prior +5.6%; revised to +5.8%
Domestic orders were seen up 4.9% on the month while foreign orders were seen up 1.6% on the month in March, reaffirming modest demand conditions while there were also positive revisions to the February reading.
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