You are here: Home » Reuters » News
Business Standard

German industry orders rise despite global trade friction

Reuters  |  BERLIN 

BERLIN (Reuters) - Strong demand from abroad drove an unexpected rise in German industrial orders in October, suggesting that exports may still support Europe's largest economy despite broader global trade friction.Contracts for 'Made in Germany' goods rose by 0.3 percent, data from the Statistics Office showed on Thursday, as strong demand from the euro zone offset a fall in domestic orders.It was the third consecutive monthly increase and compared with a consensus forecast for a fall of 0.4 percent. September's figure was downwardly revised to a modest rise of 0.1 percent.The Economy ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, December 06 2018. 17:30 IST