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German Factory Orders Surge

German Factory Orders SurgeGerman Factory Orders Surge

German industry has profited from a recent surge in foreign demand for its products, the Economics Ministry in Berlin has reported. It said orders from fellow eurozone nations were particularly strong, DW said. German industry experienced a strong boost in April as foreign demand by far exceeded analysts’ expectations, the Economics Ministry said Friday. Official data from Berlin showed factory orders increasing by 1.4% - three times as much as economists had penciled in for the month and marking the strongest monthly pickup in half a year. The volume of orders also topped demand for German goods in March when a 1.1-percent increase was logged.

Financialtribune.com