German Factory Orders Rise in Positive Sign for Manufacturing
- February orders jump 4.8%; economists’ estimate was +0.3%
- Services companies have been faring better in recent months
Germany, where manufacturing plays an outsized role in the economy, is at risk of a shallow recession.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German factory orders rose for a third month in a promising sign for the manufacturing sector, which has been faring less favorably than services in Europe’s largest economy.
Demand rose 4.8% in February from the previous month — the biggest increase since June 2021 and better than the 0.3% median estimate in a Bloomberg poll of economists. It was driven by large-scale orders for vehicles, the statistics office said in a statement. Domestic demand also increased significantly.