german industrial orders surprise with october boost
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

German industrial orders surprise with October boost

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice German industrial orders surprise with October boost

Both domestic and foreign demand for German goods contributed
Frankfurt am Main - AFP

Industrial firms in Germany beat analysts' expectations by reporting slightly increased orders in October, official data showed Wednesday, suggesting a run of strong growth has further to go before petering out.

New contracts -- seen as an indicator of future growth in Europe's largest economy -- added 0.5 percent month-on-month, figures from federal statistics authority Destatis showed, where analysts surveyed by Factset had predicted a slight decrease.

The statisticians also revised the previous month's growth in orders up slightly, to 1.2 percent.

Both domestic and foreign demand for German goods contributed to the October increase, with 0.4-percent growth in orders at home and 0.5-percent expansion abroad.

But new contracts from Germany's neighbours in the 19-nation eurozone fell by 1.2 percent, while demand from the rest of the world increased 1.6 percent.

Manufacturers of capital and consumer goods both saw increased orders, but producer goods makers reported falling demand.

"Ordering activity increased for the third time in a month in October, overall a very active development," the economy ministry in Berlin commented in a statement.

A two-month comparison of September and October versus July and August -- which the ministry argues is more representative of underlying trends -- showed growth in orders of 3.4 percent.

Surveys among German business leaders show confidence at an all-time high, with economic growth powered by domestic consumption, a construction boom and growth in investments, while foreign demand for the nation's goods remains unslaked.

Combined with those factors, Wednesday's results mean "the business cycle in industry should remain on a strong upward trend," the ministry predicted

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*

german industrial orders surprise with october boost german industrial orders surprise with october boost

 



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*

german industrial orders surprise with october boost german industrial orders surprise with october boost

 



GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 12:47 2017 Thursday ,09 February

Furyk adjusts selection criteria for US Ryder Cup team

GMT 20:08 2017 Monday ,18 September

Dubai needs additional 1,000 hospital beds

GMT 20:13 2017 Tuesday ,19 September

Nadal maintains No.1 spot in ATP rankings

GMT 04:10 2017 Sunday ,24 December

Philippines storm death toll climbs to 182

GMT 12:40 2012 Wednesday ,15 August

Big snow in Eastern US cities

GMT 12:12 2012 Thursday ,17 May

Mark Zuckerberg created a seemingly perfect home

GMT 15:02 2017 Saturday ,17 June

Bahrain, Saudi Arabia, UAE respond

GMT 22:51 2017 Tuesday ,24 January

At least 40 dead in battle for Yemen port

GMT 08:54 2016 Saturday ,17 December

Venezuela cash crisis sparks looting, protests

GMT 21:21 2017 Tuesday ,07 February

Opposition leader says Zambia should stay in ICC

GMT 09:00 2017 Saturday ,07 October

Sarin used in Syria 5 days before Khan Sheikhun

GMT 23:01 2017 Friday ,17 March

Saudi cleric banned from Twitter

GMT 08:05 2012 Saturday ,28 July

2 bombs defused in Aden

GMT 09:02 2017 Thursday ,26 October

Crown Prince briefed on Ministry of Infrastructure
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained 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 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice