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German factory orders see surprise jump in February
Europe's biggest economy rebounding from the Ukraine war fallout
05 April, 09:27
(ANSA-AFP) - FRANKFURT AM MAIN, APR 5 - German industrial
orders rose sharply and unexpectedly in February, official data
showed Wednesday, adding to signs that Europe's biggest economy
was rebounding from the Ukraine war fallout. New orders, which
give a foretaste of industrial output, rose by 4.8 percent on
the previous month, federal statistics office Destatis said. It
was the third consecutive monthly increase. Analysts surveyed by
financial data firm FactSet had expected a mild drop in orders
for February. "The recovery trend in the industrial sector is
now unmistakable," said LBBW bank economist Jens-Oliver
Niklasch. (ANSA-AFP).
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