German manufacturing orders rise strongly in March
Updated
Updated · XTB · May 7
German manufacturing orders rise strongly in March
8 articles · Updated · XTB · May 7
Orders increased 5% month on month and 6.3% year on year, beating a 1% forecast and improving from February’s 1.4% monthly and 3.5% annual gains.
The data drew market attention as a potential boost to sentiment around Europe’s economy during a busy day of eurozone indicators and central bank decisions in Sweden and Norway.
Earlier reports said orders excluding large items rose 5.1%, with businesses building stocks amid fears of supply disruptions and higher prices linked to the Iran conflict.
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