German Industrial Orders Post a Turnaround After Two Months’ Decline - Forex News by FX Leaders

German Industrial Orders Post a Turnaround After Two Months’ Decline

Posted Tuesday, May 7, 2019 by
Arslan Butt • 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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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