Tags: APFN | EU | Germany | Economy

German Factory Orders See 3rd Straight gain in October

Wednesday, 06 December 2017 05:27 AM

BERLIN (AP) — Factory orders in Germany, Europe's biggest economy, were up 0.5 percent in October compared with the previous month — the third consecutive monthly gain.

The Economy Ministry said Wednesday that the increase was fueled by slightly higher domestic demand and a larger increase in orders from outside the 19-nation eurozone. Orders from other eurozone countries were down 1.2 percent.

The October gain followed increases of 4.1 percent in August and 1.2 percent in September, and came despite a below-average number of bulk orders.

Economists have recently increased their growth forecasts for the German economy, with surveys showing business confidence at a record high and promising economic data. Its third-quarter growth rate of 0.8 percent, compared with the previous three-month period, exceeded expectations.

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Factory orders in Germany, Europe's biggest economy, were up 0.5 percent in October compared with the previous month - the third consecutive monthly gain.The Economy Ministry said Wednesday that the increase was fueled by slightly higher domestic demand and a larger...
APFN,EU,Germany,Economy
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2017-27-06
Wednesday, 06 December 2017 05:27 AM
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