
German industrial orders surged in June on higher demand from the eurozone, data released Tuesday showed. Monthly factory order books climbed by 3.8 per cent after contracting by 0.5 per cent in May, dpa quoted the Economics Ministry as saying. The June rise was almost four times more than forecast by analysts. The ministry also revised up the May figure from a previously estimated 1.3-per-cent fall. Orders from the 17-member eurozone rose by 10 per cent in June leading to a 4.2-per-cent increase in foreign orders. Domestic orders rose by 3.3 per cent. The strong pickup on demand from the eurozone will add to hopes that the currency bloc is emerging from a protracted recession. The ministry said that the data underscored that \'the upward trend in new orders in industry continued during the second quarter both in overall terms and adjusted for major contracts.\' Second-quarter factory orders gained a solid 1.2 per cent, compared with a 0.5-per-cent rise in the first three months of the year, the ministry said.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor