Germany's industrial orders rise by 0.3% in Feb from Jan

04 April 2012 15:50  [Source: ICIS news]

LONDON (ICIS)--Germany’s industrial orders rose by 0.3% in February from January, primarily because of orders from outside the eurozone, the country’s economics ministry said on Wednesday.

The ministry said orders from outside the eurozone were up by 5.0% from January, while orders from inside the single-currency area fell by 3.2%. German domestic orders were down by 1.4%.

Continued weakness in the eurozone will remain a burden for Germany’s industrial production, the ministry added.

February’s increase follows a 1.8% decline in January from December.

On a two-month sequential comparison – January-February against November-December – industrial orders were down by 1.0%, with eurozone orders down by 4.6%.

Compared with January and February 2011, orders were down by 6.1% year on year.

By: Stefan Baumgarten
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