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Rise in German industrial orders bodes well for coming months

Reuters  |  BERLIN 

By Michelle MartinBERLIN (Reuters) - German industrial orders increased unexpectedly in October thanks to domestic and non-euro zone demand, data showed on Wednesday, suggesting this sector of Europe's biggest economy is likely to gain steam in the coming months.Contracts for 'Made in Germany' goods rose for a third consecutive month, with Economy Ministry data showing factories took 0.5 percent more orders in October than in the previous month despite bulk orders being below average for the month.The reading confounded expectations in a Reuters poll for a 0.3 percent drop and came after an ...

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First Published: Wed, December 06 2017. 13:58 IST