# German industrial orders rise more than expected in February Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2023-04-05 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: German Industrial Orders Rise More Than Expected in February Meta Description: German industrial orders rose by 4.8% in February, exceeding expectations and signalling economic recovery in manufacturing sectors. URL: https://financedigest.com/german-industrial-orders-rise-more-than-expected-in-februaryhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-04-05t062258z1lynxmpej3405urtroptp4germany-economy-industrialoutput-1736814192523-compressed.jpg) BERLIN (Reuters) -German industrial orders rose more than expected in February driven by strong growth in the vehicle construction sector. Orders increased by 4.8% 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 0.3% increase. New orders in the manufacturing [sector have risen for the third month](https://www.financedigest.com/japans-factory-output-posts-biggest-fall-in-8-months-on-weak-autos-chips-sectors.html "Japan’s factory output posts biggest fall in 8 months on weak autos, chips sectors") in a row and are 7.3% higher than in November 2022, the statistics office said. Excluding large-scale orders, there was a month-on-month increase of 1.2% in February. New orders continue to recover in many sectors of German manufacturing and, in line with this, an improvement in [sentiment indicators has also been observed in recent months](https://www.financedigest.com/6-months-to-go-until-brexit-and-investor-sentiment-remains-bold.html "6 months to go until Brexit and investor sentiment remains bold"), the economics ministry said in response to the data. Overall, there are signs of an economic [recovery at the beginning of 2023 following the weak end-of-year quarter](https://www.financedigest.com/greek-residential-property-price-recovery-picks-up-in-third-quarter.html "Greek residential property price recovery picks up in third quarter") in 2022,” the ministry said. Top [German economic institutes are expected](https://www.financedigest.com/german-economy-expected-to-skirt-recession-economy-ministry-report.html "German economy expected to skirt recession – economy ministry report") to announce their forecasts later on Wednesday. They [see Europe’s largest economy narrowly avoiding a recession with modest growth](https://www.financedigest.com/wto-sees-subpar-2023-trade-growth-with-multiple-risks.html "WTO sees “subpar” 2023 trade growth with multiple risks") in the first quarter, according to the forecasts seen by Reuters. The number of positive [economic reports](https://www.financedigest.com/worst-flooding-since-1998-leaves-33bn-economic-toll-in-china-according-to-aon-catastrophe-report.html "Worst flooding since 1998 leaves bn economic toll in China, according to Aon catastrophe report") is increasing, but a uniform picture has not emerged recently, Thomas Gitzel, chief economist at VP Bank Group said. The weak new orders of 2022 are yet to show their negative consequences in [industrial production,”](https://www.financedigest.com/global-industry-analysis-of-microalgae-based-products.html "Global Industry Analysis of Microalgae-based Products") Gitzel said. Combined with continued weak consumption, this does not bode well for the near-term [economic outlook](https://www.financedigest.com/analysis-russians-feel-little-economic-pain-now-long-term-outlook-darkens.html "Analysis: Russians feel little economic pain now, long-term outlook darkens"), despite some signs of improvement, he added. The statistics office publishes more [economic data](https://www.financedigest.com/oil-slumps-on-economic-data-stronger-u-s-dollar.html "Oil slumps on economic data, stronger U.S. dollar") on its website. (Reporting by Linda Pasquini and Maria Martinez, Editing by Rachel More and Andrew Heavens) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---