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German Factory Orders Log Unexpected Growth

Germany's factory orders grew unexpectedly at the end of the third quarter underpinned by foreign demand, official data from Destatis showed on Monday. However, reinforcing fears of recession, Purchasing Managers' survey results suggested that the private sector contracted for the fourth straight month in October reflecting declines in both manufacturing production and services activity.
Purchasing Manager Purchasing Manager Index Ermany Pmi German Factory Orders Ermany Composite Pmi Germany Factory Orders

German Factory Orders Growth Accelerates; Private Sector Expands For Second Month

Germany's factory orders growth accelerated in February driven by higher demand for motor vehicles and automobile engines and the overall private sector expanded for the second straight month in March reflecting the upturn in the service sector.
Ralph Solveen Phil Smith Commerzbank Senior Economist Ralph Solveen Ermany Pmi Ermany Services Pmi Ermany Composite Pmi

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