German industrial orders surge on strong domestic demand

  • 5/6/2021
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BERLIN, May 6 (Reuters) - German industrial orders rose for the third consecutive month in March helped by domestic demand, data showed on Thursday in a further sign that manufacturers in Europe’s largest economy are likely to cushion a lockdown-related drop in household spending. The data published by the Federal Statistics Offices showed orders for industrial goods jumped on the month by 3% in seasonally adjusted terms. This easily beat a Reuters forecast of 1.7% and came after an upwardly revised increase of 1.4% in February. (Reporting by Michael Nienaber Editing by Caroline Copley) Our Standards: The Thomson Reuters Trust Principles.

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