Germany's factory orders recovered at a stronger than expected pace in March, figures from Destatis revealed Monday.
New orders in manufacturing climbed 1.9 percent on a monthly basis in March, reversing a 0.8 percent fall in February. Economists had forecast a 0.7 percent rise after prior month's initially estimated decline of 1.2 percent.
Domestic orders decreased 1.2 percent, while foreign orders grew 4.3 percent on the previous month. New orders from the euro area moved up 1.1 percent and new orders from other countries increased 6.2 percent.
The manufacturers of intermediate goods fell 1.2 percent, while orders for capital goods showed an increase of 4 percent. For consumer goods, an increase in new orders of 1.6 percent was registered.
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