Wednesday, April 16, 2014

German factory orders increase in December

March 16. 2013 10:07PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) German industrial orders increased in December, suggesting business is beginning to pick up in Europe's largest economy.

The Economy Ministry said Wednesday orders were up 0.8 percent over November, according to seasonally adjusted figures. That comes after a 1.8 percent decline in November.

Orders from within Germany dropped 1.2 percent, but orders from abroad were up 2.4 percent. Significantly, orders from the other 16 nations that use the euro currency were up 7 percent, despite the fact that several are in recession, while non-eurozone orders dropped 0.4 percent.

ING economist Carsten Brzeski says the data adds clear evidence that the German industry has reached a turning point.

He says: while the inventory reduction is still continuing, order books have started to fill again.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds