Machinery orders in Germany grow 3 percent in January


(MENAFN) Orders made to acquire Germany key machinery industry grew 3 percent in January compared with the same month a year ago, QNA reported.

Local media showed that the German Engineering said that strong demand from the Eurozone was the main reason behind the growth.

However, it is expected that economy in the Eurozone area will start to see a turnaround ahead of the European Central Bank's plan to pump more than a USD1.11 trillion in the member countries' economies.

German machinery orders from November to January of 2014-2015 where registered at an increase of only 2 percent annually.


MENAFN

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