German Industrial Orders Edge up in September
German industrial orders, a key measure of demand for German-made goods both at home and abroad, edged slightly higher in September, data showed on Thursday.
Industrial orders rose by 0.8 percent in September compared with the previous month, the statistics office Destatis said in a statement.
In August, German factory orders had slumped by 4.2 percent.
The muted rise was partly due to the timing of the summer holidays, but an above-average number of big ticket orders provided a boost, the statisticians said in a statement.
Domestic orders declined by 2.8 percent, while export orders grew by 3.7 percent compared with the previous month.
Orders from the eurozone rose by 2.5 percent and orders from outside the eurozone were up by 4.4 percent.
By sector, orders for semi-finished goods edged up by 0.8 percent and orders for capital goods rose by 1.3 percent, while orders for consumer goods fell by 1.4 percent.
Source: Agence France Presse
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