Destatis released its factory orders data for Germany on Monday. German seasonal adjusted factory orders jumped 1.9% in March, exceeding expectations for a 0.7% increase, after a 0.8% fall in February. February’s figure was revised up from a 1.2% drop.
The rise was driven by an increase in foreign orders. Foreign orders increased by 4.3% in March, while domestic orders declined by 1.2%.
New orders from the Eurozone rose 1.1% in March, while orders from other countries climbed 6.2%.
Orders of the intermediate goods decreased by 1.2% in March, capital goods orders were up 4.0%, while consumer goods orders rose 1.6%.
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