German manufacturing shows no weakness, despite European debt markets plaguing local manufacturing activity.
Here’s a quick look of the numbers:
• March uptick – Manufacturing orders rose 2.2% in March, according to the German Economic Ministry. Analysts forecasts predicted a minute .5% increase in orders.
• Upward revisions – February orders were revised up to .6% from .3% when originally reported. Upward revisions in orders are expected, as initial reports are estimates, which are refined over time.
• Domestic improvement – Germany recorded year-over-year improvement of 1.3% in domestic orders for manufactured goods in March.
• Euro stagnation – Foreign manufacturing orders for German goods inside the Eurozone remained the same year-over-year. No growth in this terrible economic slump.
• International Ex-Euro Explosion – Excluding the Eurozone, orders internationally increased at a 4.8% clip. Perhaps the weak Euro is finally playing into improved international shipments for European firms.