Seeking Alpha

Growth in German factory orders speeds up

  • German factory orders rose 0.6% on month in February, accelerating from 0.1% in January and topping consensus that was also +0.1%.
  • On year, orders +6.1% from +7.1%.
  • The data adds to indications that economic growth is beginning to gain speed.
  • "The German economy is pretty much on track - the start of the year might have been even better than the end of 2013," says economist Thilo Heidrich. "We see a pretty broad recovery in the eurozone, from which Germany, with its large export sector, should profit.
  • The DAX is +0.2% and the euro is -0.1% at $1.3701.
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