(Reuters) – German industrial orders rose less than expected in February, indicating continued weak demand in the manufacturing sector.
New orders increased by 0.2% in February over one month, in data adjusted for seasonal and calendar variations, the Federal Statistics Office said on Friday.
Economists polled by Reuters had forecast an increase of 0.8%.
The revised data shows a monthly decline of 11.4% in January, compared to a decline of 11.3%.
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The slowdown in Germany’s manufacturing sector, which accounts for about a fifth of the country’s economy, continued in March, according to the manufacturing Purchasing Managers’ Index (PMI).
(Written by Dagmarah Mackos)
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