Arab Today, arab today german factory orders up again in november
Last Updated : GMT 21:09:51
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German factory orders up again in November

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Arab Today, arab today German factory orders up again in November

The rise in German industrial orders was attributable to stronger demand at home
Frankfurt - AFP

German industrial orders, a key measure of demand for goods in Europe's top economy, rose in October, driven by robust domestic demand, the economy ministry said on Thursday.

Provisional official data showed an increase in orders of 1.5 percent month-on-month in November, following an increase of 1.7 percent in October.

Analysts polled by financial services firm FactSet had pencilled in stable orders for November.

The rise was attributable to stronger demand at home for German-made goods, with domestic orders rising by 2.6 percent, the ministry calculated.

Orders from outside the eurozone increased by 1.4 percent, while orders from inside the single currency area slipped by 0.5 percent.

 

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