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 today.
A Reuters poll of analysts had pointed to a 0.3% increase.
New orders in the manufacturing sector have risen for the third month 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.
