ZURICH (MaceNews) – Manufacturing orders in Germany increased 3.0% in March over February and were up 27.8% from a year ago, and exceeded expectations data released by the Federal Statistics Office in Wiesbaden showed.
The results were well above the median of an Econoday survey of economists for a gain of 1.8% over the previous month.
Excluding large orders, the result was a 1.6% gain month-over-month in March. Compared to February 2020, the month before corona pandemic restrictions were put into place, orders are 9.1% higher, the office said.
Domestically, orders rose 4.9% in March from a month ago with orders from abroad up 1.6%.
Orders by sector:
- Intermediate goods +2.8% M/m
- Capital goods +2.5% M/m
- Consumer goods +8.5% M/m
Orders for February were revised up, with month-on-month orders up 1.4% (1.2%) and 5.8% year-over-year (5.6%).
Monthly changes are price, seasonally and calendar adjusted and year-over-year comparisons are on a price and calendar adjusted basis.
The Federal Statistics Office will release industrial production figures for March tomorrow at 8:00 CET.
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