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.
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Last updated: Tuesday, May 7, 2019
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
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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.
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