German Factory Orders Rise More Than Forecast

(RTTNews) - Germany's factory orders grew more than expected in March on robust foreign and domestic demand, data from Destatis showed on Wednesday.

Factory orders advanced 3.6 percent month-on-month in March after remaining flat in February. Orders are forecast to grow 1.4 percent.

On a yearly basis, factory orders logged an expansion of 3.8 percent, in contrast to the 0.2 percent fall in February.

Foreign orders surged 4.7 percent month-on-month, with an 8.0 percent rise in orders from within the eurozone. Orders from outside the euro area gained 2.8 percent. At the same time, domestic orders climbed 2.0 percent.