German industrial orders rose for the second month in a row in February driven by strong domestic demand, data showed on Thursday in a further sign that manufacturers are set to cushion a pandemic-related drop in overall output in the first quarter, Trend reports with reference to Reuters.
The data published by the Federal Statistics Offices showed orders for industrial goods increased on the month by 1.2% in seasonally adjusted terms. This was in line with a Reuters forecast.
The increase came after a downwardly revised rise of 0.8% in January.
Domestic orders jumped by 4% on the month while foreign orders fell by 0.5%. Still, bookings from other euro zone countries increased by 2.7%.