Domestic demand powered German factory orders higher in June
Posted August 04, 2017 7:00 am
BERLIN (AP) - Factory orders in Germany, Europe's biggest economy, climbed 1 percent in June compared with the previous month thanks to a strong rise in domestic demand.
The Economy Ministry said Friday that orders from inside Germany were up 5.1 percent in June, while those from abroad were down 2 percent. The rise in the overall figure followed a 1.1 percent increase in May.
The ministry said that, for the whole second quarter, orders were 0.8 percent higher than in the January-March period.
The German economy has been performing strongly, with unemployment low, ahead of a Sept. 24 election in which Chancellor Angela Merkel is seeking a fourth term.
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