The FINANCIAL — Manufacturing orders in Europe’s largest economy picked up in April on the back of foreign demand, data from the country’s economy ministry showed on June 5, according to Nasdaq.
New orders were 1.4% higher on month in adjusted terms, surpassing median expectations of 0.5% growth in a Wall Street Journal survey of economists. On month, foreign orders grew by a robust 5.5%, with those from the eurozone rising by 6.8%. Non-eurozone foreign orders were up 4.7%, while domestic orders slipped 3.8%.
Total data for March were also revised slightly upward, with the ministry now reporting a 1.1% monthly increase, beating the 0.9% rise originally reported.
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