BERLIN, Feb 6 Reuters German industrial orders rose in December, increasing by 3.2 on the month on a seasonally and calendar adjusted basis, the federal statistics office said on Monday.

A Reuters poll of analysts had pointed to a 2.0 increase for the month, after a upwardly revised drop of 4.4 in November.

The December increase is mainly due to largescale orders, the statistics office said. Excluding largescale orders, there was a 0.6 decline for the month.

With a few exceptions, new orders fell continuously throughout 2022 and were 10.1 lower in December than in the same month of 2021 in calendar adjusted terms.

New orders in December were slightly above prepandemic levels in December 2019, when they rose by 1.2.

The statistics office publishes a statement with more economic data.

Reporting by Friederike Heine and Maria Martinez Editing by Rachel More

Source Reuters

Leave A Comment