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German Factory Orders Rise Faster Than Forecast
(MENAFN- Qatar News Agency) German industrial orders rose more than forecast in February following a surge in demand from the eurozone, data released Friday showed.
Factory orders in Europe's biggest economy grew by 0.6 per cent in February after increasing by 0.1-per-cent in January, German press agency (DPA) quoted the Federal Statistics Office as saying.
Analysts had expected a more modest gain of 0.2 per cent. Helping to drive the orders was a 5.9-per-cent jump in demand from the 18-member eurozone and 1.2-per-cent rise in domestic orders.
Foreign orders increased by 0.2 per cent after demand from nation's outside the eurozone slumped by 3.1 per cent.
Factory orders in Europe's biggest economy grew by 0.6 per cent in February after increasing by 0.1-per-cent in January, German press agency (DPA) quoted the Federal Statistics Office as saying.
Analysts had expected a more modest gain of 0.2 per cent. Helping to drive the orders was a 5.9-per-cent jump in demand from the 18-member eurozone and 1.2-per-cent rise in domestic orders.
Foreign orders increased by 0.2 per cent after demand from nation's outside the eurozone slumped by 3.1 per cent.
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