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Mar 09, 2023

German Industrial New Orders Rose 1 Percent in January From The Previous Month

German industrial new orders rose 1 percent in January from the previous month

Recently, data released by the German Federal Statistics Office showed that adjusted for seasonal and working days, new industrial orders in January increased by 1% month-on-month and decreased by 10.9% year on year.

Excluding big orders, new industrial orders in Germany rose 2.9 percent in January from the previous month. New domestic orders fell 5.3% month-on-month, while new orders from abroad rose 5.5%.

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