German factory orders rise 0.6% in Feb

DPA Updated - April 04, 2014 at 12:59 PM.

German industrial orders rose more than forecast in February following a surge in demand from the euro zone, data released on Friday showed.

Factory orders in Europe’s biggest economy grew 0.6 per cent in February after increasing by 0.1-per-cent in January, the Federal Statistics Office said.

Analysts had expected a more modest gain of 0.2 per cent.

Helping to drive the orders was a 5.9-per-cent jump in demand from the 18-member euro zone and 1.2-per-cent rise in domestic orders.

Foreign orders increased by 0.2 per cent after demand from nations outside the euro zone slumped by 3.1 per cent.

Published on April 4, 2014 07:28