business
Thursday 05 February 2015
Good news for German industry: In December, they reported significantly more orders than in the previous month. Companies benefit from the weaker euro.
The order books of German industrial companies have surprisingly clearly filled by the end of 2014. In December, orders were seasonally and working day adjusted 4.2 percent higher than the previous month, the Federal Statistics Office in Wiesbaden announced. Experts had expected an increase of 1.5 percent.
“The strong demand at home and abroad, the volume of new orders in December reached its highest level since April 2008,” said the Federal Ministry of Economics. In November, new orders were declining by 2.4 percent. “The German industry has its obvious weakness over by the summer,” said Commerzbank economist Ralph Solveen. Also, the Ministry is expected, which is now the economy is increasingly gaining momentum.
More aboutThe Domestic order rose in December by 3.4 percent. Above all, however, the industry benefited from stronger demand from abroad. Here orders rose by 4.8 percent. “The weaker euro should provide in the coming months to ensure that this remains no fluke, but the beginning of a solid uptrend is” expected Thomas Gitzel, Chief Economist of VP Bank Group.
The orders from the Euro zone grew by 5.9 percent, while orders from all other countries precipitated by 4.0 percent higher than the previous month in December.
Source: n-tv.de
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