Saturday, July 26, 2014   

German factory orders rise in January
(03-06 19:35)

German industrial orders, a key measure of demand for German-made goods both at home and abroad, showed a higher rise than expected in January after contracting the previous month, data show.
Industrial orders were up 1.2 percent in January compared with December. Domestic orders increased by 1.6 percent and export orders were up 1 percent.
By sector, orders for consumer goods jumped by 6.3 percent, orders for semi-finished goods were up 1.4 percent and orders for capital goods edged up 0.5 percent.
Taking December and January combined to iron out short-term fluctuations, overall orders were up 1.7 percent, with domestic orders rising 0.9 percent and export orders climbing 2.2 percent, the ministry calculated.—AFP
   
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