Free Trial
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 -2.2% M/M, +2.9% Y/Y; JAN +8.2%r Y/Y
- German new manufacturing orders were significantly below forecasts.
- Factory orders fell 4.5pp to a contractive -0.3% m/m and by 5.3pp to +2.9% y/y.
- Analysts were forecasting softer decreases of 2.6pp and 2.8pp respectively.
- Both January numbers were revised upwards, with the year-on-year growth revised up 0.9pp to +8.2%.
- The strong January growth was on the back of foreign demand growth, which slumped substantially in February.
- Foreign orders were responsible for the bulk of the decrease, falling -3.3% m/m. Eurozone orders also fell by -3.3% m/m.
- The data largely predates the 24/2 start of the Ukraine invasion and associated further inflationary pressures and worsening of supply-chain disruption.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok