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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 MAR IND ORD +3.0% M/M, +27.8% Y/Y; FEB +1.4% M/M
- German factory orders increased by 3.0% in Mar, showing a 5-month high and coming in at double the pace than markets expected (BBG: 1.5%)
- Feb's reading was revised up to 1.4% from 1.2% reported previously.
- Annual orders surged to 27.8% in Mar, reflecting the sharp decline seen in Mar 2020.
- Compared to Feb 2020, the last month before the start of the pandemic, orders were 9.1% higher.
- Mar's uptick was mainly led by domestic orders which rose by 4.9% in Mar.
- Meanwhile, foreign orders grew by 1.6%, with orders from the EZ rising by 0.7%, while orders from other foreign countries ticked up 2.2%.
- Orders for intermediate goods edged up 2.8% and capital goods order rose by 2.5%, while consumer goods orders jumped to 8.5% in Mar.
Source: Destatis
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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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