Germany February industrial orders rise 2.3% from January

05 April 2013 15:34  [Source: ICIS news]

LONDON (ICIS)--Germany’s industrial orders rose 2.3% in February from January, with orders in the country’s chemicals and pharmaceuticals sector also rising, according to data released on Friday.

Domestic industrial orders rose 2.2% and export orders rose 2.3%, the country’s economics ministry said.

February’s increase comes after a revised 1.6% decline in industrial orders in January from December. Earlier estimates had pegged the decline at 1.9%.

On a two-month sequential comparison – January-February versus November-December - industrial orders were up 0.1%. Compared with January-February 2012, they were down 1.0% year on year.

In a separate data release, Germany’s central bank, the Bundesbank, said that its volume index for orders in the country’s chemicals and pharmaceutical industry rose to 98.4 in February, from 96.7 in January. The index’s base year is 2010.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog

By: Stefan Baumgarten
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