German Manufacturing Orders Rose More Than Expected in January
March 05 2021 - 2:39AM
Dow Jones News
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
(END) Dow Jones Newswires
March 05, 2021 02:24 ET (07:24 GMT)
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