Arab Today, arab today strong foreign demand boosts german machinery orders in march
Last Updated : GMT 01:58:56
Arab Today, arab today
Arab Today, arab today

Strong foreign demand boosts German machinery orders in March

Arab Today, arab today

Arab Today, arab today Strong foreign demand boosts German machinery orders in March

German machinery orders
Berlin - XINHUA

Orders for Made-in-Germany machine and tools increased in March thanks to strong demand from abroad, said the German Engineering Association (VDMA) on Wednesday.

In inflation adjusted terms, German machinery orders increased by 4 percent in March when compared with the same month of previous year, VDMA said.

Foreign orders jumped by 6 percent year-on-year, while orders from domestic market only inched by 1 percent.

"In March, foreign demand set the pace once again," said VDMA's chief economist Ralph Wiechers in a statement, "Domestic orders only slightly exceed its previous year's level."

In the three-month period between January and March, which was less affected by short-term fluctuations, orders for German machine and tools increased annually by 2 percent. During the period, foreign orders increase by 3 percent, while domestic orders decline by 2 percent.

VDMA warned earlier this month that domestic investment was disappointingly weak in Germany and the German government should create an encouraging circumstance for investment.

In its latest forecast for 2015 growth, the German government expected Europe's biggest economy to expand by 1.8 percent this year. Private consumption was seen as the main pillar for the growth. Investment, however, was expected to increase at a much slower pace than in previous year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today strong foreign demand boosts german machinery orders in march Arab Today, arab today strong foreign demand boosts german machinery orders in march

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today strong foreign demand boosts german machinery orders in march Arab Today, arab today strong foreign demand boosts german machinery orders in march

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday