
German industrial orders, a key measure of demand for German-made goods both at home and abroad, rose strongly in October, suggesting Germany's period of economic weakness could be over, data showed Friday.
Industrial orders rose by 2.5 percent in October compared with the previous month, the economy ministry said in a statement.
In September, German factory orders had already risen by 1.1 percent.
"This was a good start to the fourth quarter. Alongside a brightening of sentiment indicators, the signals are looking increasingly positive," the ministry said.
"Even if the economic risks continue to exist, this suggests that the German economy could be gradually beginning to recover from its period of weakness."
Domestic orders jumped by 5.3 percent and export orders edged up by 0.6 percent compared with the previous month.
Orders from the eurozone rose by 0.3 percent and orders from outside the eurozone were up by 0.8 percent.
By sector, orders for semi-finished goods climbed by 2.5 percent and orders for capital goods rose by 3.0 percent, while orders for consumer goods slipped by 0.1 percent.
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor