Latest news with #industrialorders
Reuters
5 days ago
- Business
- Reuters
German industrial orders unexpectedly rise in April
June 5 (Reuters) - German industrial orders unexpectedly rose in April thanks to strong domestic demand, the federal statistics office said on Thursday. Orders rose by 0.6% on the previous month on a seasonally and calendar-adjusted basis. A Reuters poll of analysts had pointed to a fall of 1.0%. The less volatile three-month on three-month comparison showed that new orders in the period from February to April were 0.5% higher than in the previous three months. The statistics office also revised the data for March to a 3.4% increase on the month, instead of the previous 3.6%. Foreign orders fell by 0.3% on the month, with new orders from the euro zone increasing by 0.5% and new orders from outside the euro zone declining by 0.9%. Domestic orders rose by 2.2% on the month, the statistics office said.
Free Malaysia Today
07-05-2025
- Business
- Free Malaysia Today
German factory orders jumped ahead of US tariffs
New orders, closely watched as an indicator of future business activity in Germany, jumped 3.6% month-on-month, according to Destatis data. (EPA Images pic) FRANKFURT : German industrial orders rose faster than expected in March, official data showed today, partly driven by companies rushing to stock up on goods ahead of sweeping US tariffs. It represented rare positive news for Europe's struggling top economy, but observers warned it was too early to conclude a sustainable recovery was underway as US levies could weigh later in the year. New orders, closely watched as an indicator of future business activity in Germany, jumped 3.6% month-on-month, according to preliminary data from federal statistics agency Destatis. Analysts surveyed by financial data firm FactSet had forecast a rise of just 0.5%. Orders had stagnated in February. The economy ministry said in a statement the March increase 'may be partly due to anticipatory effects in response to the announced US tariff increases'. However, it also noted increased demand for 'Made in Germany' goods from other European countries, suggesting a 'revival in investment activity'. Nevertheless, a 'renewed weakening of the industrial economy over the further course of the year cannot be ruled out' amid US President Donald Trump's tariff blitz, the ministry warned. Trump has hit nearly all US trading partners with a baseline 10% tariff rate, which came into effect in April, as well as other levies on specific sectors. The hardball US trade policy is threatening to push export-oriented Germany into recession for a third straight year. The US was Germany's top trading partner in 2024, receiving huge quantities of its cars, chemicals and pharmaceuticals. March's jump in industrial orders was driven by increases in key areas like the auto sector, mechanical engineering and electrical equipment, according to Destatis. 'Overseas orders rose by 4.7% and domestic orders were up 2%,' it said. Weak global demand, fierce competition from China and high energy prices have battered Germany's industrial sector, which accounts for about one fifth of its economic output. Reviving the economy is a key challenge for new Chancellor Friedrich Merz, but a hoped-for recovery this year now looks set to be derailed by Trump's tariffs.
Reuters
07-05-2025
- Business
- Reuters
German industrial orders rise 3.6% in March
A view shows a steel production plant in Georgsmarienhuette, Germany, September 19, 2024. REUTERS/Leon Kuegeler/File Photo Purchase Licensing Rights , opens new tab May 7 (Reuters) - German industrial orders increased in March by 3.6% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Wednesday. A Reuters poll of analysts had pointed to a rise of 1.3%. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. The statistics office publishes more economic data on its website , opens new tab Reporting by Simon Ferdinand Eibach and Paolo Laudani, Editing by Rachel More Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
