German industrial orders, a key measure of demand for goods at home and abroad, rose 3.8 percent in June from the level in May, the economy ministry said on Tuesday. The increase, after two months of falling orders, spells a boost for the country's key manufacturing sector as Europe's biggest economy recovers from a decline late last year amid the eurozone crisis. The seasonally-adjusted June rise was mainly due to some big-ticket orders, including at the Paris air show, said the ministry. Without major contracts, orders declined 0.7 percent. Capital goods orders in June rose 6.8 percent while orders for consumer and semi-finished goods fell slightly, by 0.2 percent each. Overall, domestic orders were up 3.3 percent and export orders rose 4.2 percent. The revised figure for May was a monthly decline of 0.5 percent, less than the previously reported fall of 1.3 percent. For the second quarter as a whole, German industrial orders rose 1.2 percent after a smaller first-quarter rise of 0.5 percent. The ministry noted that "throughout the second quarter, the upward trend in new industrial orders continued both overall and adjusted for major contracts".
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor