German factory orders post 2nd consecutive increase
Posted November 06, 2017 6:00 am
BERLIN (AP) - German factory orders rose for a second consecutive month in September, powered by a large increase in demand from other eurozone countries.
The Economy Ministry said Monday that orders were 1 percent higher than the previous month, following a 4.1 percent rise in August. Orders from other nations in the 19-nation eurozone were up 6.3 percent, while domestic orders slipped 0.1 percent and demand from other countries was down 1 percent.
The increase was led by demand for investment goods such as factory machinery, which was up 4.9 percent compared with the previous month.
The data add to promising signals for growth in Germany, Europe's biggest economy.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.