German Industrial Orders Post a Turnaround After Two Months’ Decline

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.