- Analytics
- News and Tools
- Market News
- German factory orders rose sharply in March
German factory orders rose sharply in March
According to provisional results of the Federal Statistical Office (Destatis), real (price adjusted) new orders increased by a seasonally and calendar adjusted 3.0% in March 2021 compared with February 2021. Economists had expected a 1.7% increase. Excluding major orders, real new orders in manufacturing were 1.6% higher than in the previous month.
Compared with February 2020, which was the month before restrictions were imposed due to the corona pandemic in Germany, new orders in March 2021 were 9.1% higher in seasonally and calendar adjusted terms.
Domestic orders increased by 4.9% and foreign orders went up by 1.6% in March 2021 on the previous month. New orders from the euro area increased 0.7%, and new orders from other countries rose by 2.2% compared with February 2021.
In March 2021, the manufacturers of intermediate goods saw new orders increase by 2.8% compared with February 2021. The manufacturers of capital goods saw an increase of 2.5% on the previous month. Regarding consumer goods, new orders rose by 8.5%.
For February 2021, the revision of the preliminary outcome resulted in an increase of 1.4% compared with January 2021 (provisional: +1.2%).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
