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Germany January industrial orders +1.0% vs -0.9% m/m expected
- Prior +3.2%; revised to +3.4%
Despite the headline reading showing a beat, the details reflect a bit of mixed picture to start the year for German industrial orders. Domestic orders dropped by 5.3% in January, while foreign orders increased by 5.5%. Here's the breakdown if you want to go by how things are by sectoral performance:
- Capital goods +8.9%
- Intermediate goods -8.9%
- Consumer goods -5.5%
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Posted: Mar 7 2023, 07:09
Author Name: forexlive
Views: 082124
