Domestic orders increased by 4.9% and foreign orders by 1.6% month-on-month.
New orders from the euro area increased 0.7% and by 2.2% from other countries.
Manufacturers of intermediate goods saw new orders increase by 2.8%.
Consumer goods manufacturers saw new orders jump by 8.5%, with orders for capital goods up 2.5%.
When compared with February 2020, which was the month before restrictions were imposed, turnover was 3.4% lower.
Compared on the same month a year earlier, new orders were up 27.8%.
Market Impact
Ahead of the numbers the EUR had fallen to a pre-stat and current day low $1.19932.
In response to the numbers, the EUR slipped to a post-stat low $1.20051 before rising to a post-stat and current day high $1.20278.
At the time of writing, the EUR was up by 0.16% to $1.20228.
Next Up
Eurozone retail sales figures followed by the weekly jobless claim figures from the U.S. Prelim U.S unit labor cost and nonfarm productivity figures for the 1st quarter are due out but will likely have limited impact on the broader markets.
From the ECB, the Economic Bulletin is also due out shortly…
With over 28 years of experience in the financial industry, Bob has worked with various global rating agencies and multinational banks. Currently he is covering currencies, commodities, alternative asset classes and global equities, focusing mostly on European and Asian markets.