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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
GERMANY FEB FACTORY ORDERS +4.8% M/M (FCST +0.3%); JAN +0.5% M/M
GERMANY FEB FACTORY ORDERS -5.7% Y/Y (FCST -9.3%); JAN -12.0% Y/Y
- German factory orders bounced back in February, jumping +4.8% m/m.
- This significantly outpaced the modest +0.3% m/m uptick expected, and implies three months now of m/m expansion after having contracted for eight out of 12 months in 2022.
- A rebound in intermediate and consumer goods drove the February boost and adds to optimism for German IP in the upcoming months.
- This data comes ahead of tomorrow's German industrial production print, which is expected to largely stall in February. German IP jumped +3.5% m/m in January, as energy-intensive branches saw a marked expansion, assisted by falling energy prices and the introduction of price caps.
Source: Destatis / Bundesbank
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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