Germany February industrial orders +4.8% vs +0.3% m/m expected | Forexlive

• Prior +1.0%; revised to +0.5%

That’s quite a surprise jump in German manufacturing orders in February, with new orders rising for a third straight month in a row. Domestic orders rose by 5.6% on the month while foreign orders increased by 4.2%, though it was the strong growth in the sector of miscellaneous vehicle construction (+55.9%, likely a one-off) that contributed to the positive development of new orders in February.