Industrial Orders Climb Nearly 3% in April
Source: Agencies |
June 8, 2010, Tuesday
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Print Edition
Print Edition
GOVERNMENT data show industrial orders in Germany - Europe's biggest economy - rose a monthly 2.8 percent in April following a strong rise in March.
The figures released by the Economy Ministry yesterday showed foreign and domestic orders contributing equally to the improvement. They increased by 2.8 percent and 2.9 percent respectively.
The rise followed a 5.1 percent overall increase in orders in March. That figure was revised upward from an initial estimate of 5 percent.
The ministry said the number of large orders was slightly above average for April.
Germany has settled into a modest export-led recovery over the past year.
The figures released by the Economy Ministry yesterday showed foreign and domestic orders contributing equally to the improvement. They increased by 2.8 percent and 2.9 percent respectively.
The rise followed a 5.1 percent overall increase in orders in March. That figure was revised upward from an initial estimate of 5 percent.
The ministry said the number of large orders was slightly above average for April.
Germany has settled into a modest export-led recovery over the past year.
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