German Industrial Orders Post a Turnaround After Two Months’ Decline
'Made in Germany' goods' contracts rose by 0.6 percent while expectations were for a 1.5 percent rise.
Arslan Butt•Tuesday, May 7, 2019•1 min read
German industrial orders managed to rise in March, but came worse than expected. ‘Made in Germany’ goods’ contracts rose by 0.6 percent while expectations were for a 1.5 percent rise.
According to data released by the Federal Statistics Office, February’s reading was also revised slightly. The original figure stood at -4.2 percent, while the revised figure now comes up to -4.0 percent.
Amid concerns of a growth slowdown, these slightly improved figures offer some relief to Europe’s largest economy and to the Eurozone as a whole. Industrial orders grew in March after two consecutive months of steep decline.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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