German industrial orders increased 0.2% in February, partly rebounding from a 11.4% decline in January; machinery/equipment orders grew 10.7%, but automotive declined 8.

German industrial orders increased slightly by 0.2% in February, rebounding from a decline of 11.4% in January, according to the Federal Statistical Office. Orders for machinery and equipment saw a notable growth of 10.7% in February, while the automotive industry experienced a decline of 8.1%. Domestic orders in Europe's largest economy rose by 1.5% in February, but foreign demand continued to decline, with a sharp drop in new orders of 13.1% from the Euro area.

April 05, 2024
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