Boost for German industrial orders
Strong demand from abroad has helped boost German industrial orders. According to figures from the economy ministry contracts for goods from Europe’s largest economy were up 2.0 percent on the month.
The increase for industrial orders was the biggest in the April-June period since early 2011 despite a slowdown in China and uncertainty caused by the Greek debt crisis.
A breakdown of the data showed factories received 4.8 percent more bookings from abroad while domestic orders fell by 2.0 percent.
“Boom. German industrial orders just defied any concerns about a slowdown in the economy,” was one economist’s reaction.
The increase for industrial orders was the biggest in the April-June period since early 2011 despite a slowdown in China and uncertainty caused by the Greek debt crisis.
A breakdown of the data showed factories received 4.8 percent more bookings from abroad while domestic orders fell by 2.0 percent.
“Boom. German industrial orders just defied any concerns about a slowdown in the economy,” was one economist’s reaction.
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