German factory orders grew at a faster pace in March as manufacturers rushed to secure raw materials ahead of potential future price increases and supply shortages.
Factory orders increased 5.0 percent in March compared to February's revised growth of 1.4 percent, Destatis reported Thursday. The monthly increase significantly outpaced the 1.0 percent forecast and also marked the fastest growth in three months. Excluding large orders, new orders were 5.1 percent higher than in the previous month.
For comments and feedback contact: editorial@rttnews.com
Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.