German factory orders see surprise jump in February

(ANSA-AFP) - FRANKFURT AM MAIN, APR 5 - German industrial orders rose sharply and unexpectedly in February, official data showed Wednesday, adding to signs that Europe's biggest economy was rebounding from the Ukraine war fallout. New orders, which give a foretaste of industrial output, rose by 4.8 percent on the previous month, federal statistics office Destatis said. It was the third consecutive monthly increase. Analysts surveyed by financial data firm FactSet had expected a mild drop in orders for February. "The recovery trend in the industrial sector is now unmistakable," said LBBW bank economist Jens-Oliver Niklasch. (ANSA-AFP).

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