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 MAR FACTORY ORDERS -4.7% M/M, -3.1% Y/Y; FEB +4.3%r Y/Y
- German manufacturing saw substantial declines in the March print, following the onset of the Ukraine war and associated worsening of supply chain disruptions and soaring energy prices.
- Factory orders dipped -4.7% m/m, substantially lower than -1.1% m/m forcaseted and down 3.9pp from the upwardly revised February print (upwards revisions due to late reporting).
- COmpared to March 2021, factory orders came in 3.1% lower.
- Foreign orders constiuted the key driver in the March decline, falling by 6.7% m/m, with non-eurozone orders diving 13.2% m/m.
- Capital goods orders fell 8.3% m/m, highlighting the reduced propensity to invest against the current backdrop of economic and political uncertainty.
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