World Economy

German Industry Orders Rise

German Industry Orders RiseGerman Industry Orders Rise

German industrial orders bounced backed in March, rising more than expected and by the steepest rate in nine months, due to strong foreign demand especially from countries outside the eurozone, data showed on Monday. Contracts for ‘Made in Germany’ goods were up 1.9% on the month, the biggest increase since last June, the economy ministry said. That compared with a Reuters consensus forecast for a rise of 0.7%. Domestic orders in Europe’s biggest economy fell by 1.2% while foreign demand rose by 4.3%, with orders from eurozone countries edging up by 1.1% and bookings from countries outside the currency bloc soaring by 6.2%.