MADRID, 5 Abr. (EUROPA PRESS) -

Factory orders in Germany registered an increase of 4.8% in February in relation to the previous month, when they increased by 0.5%, exceeding market consensus expectations in what represents the third consecutive monthly increase, that removes the fear that the 'European locomotive' enters a recession.

According to data published by the German Federal Statistical Office (Destatis), orders from German factories experienced a 5.7% decline compared to February 2022, moderating the 12% year-on-year drop recorded in January.

Leaving large-scale orders out of the estimate, there was a 1.2% increase in orders from German factories in January.

Orders from the domestic market increased by 5.6% compared to the previous month, while foreign orders grew by 4.2%, including an increase of 8.9% in orders from the euro zone and of 1.4% on orders from the rest of the world.

In February, the strong growth of the various vehicle construction sector (55.9%) contributed to the positive evolution of new orders, the overall result of which was also significantly influenced by the strong growth of orders in the manufacturing sector. of motor vehicles and motor vehicle engines (3.7%) and in mechanical engineering (2.8%).

Likewise, new orders in the capital goods sector increased 7.3% in February, while orders for intermediate goods increased only 1.3% compared to the previous month. In the case of the consumer goods sector, new orders increased by 1.9%.