Frankfurt: Industrial orders in Germany rose strongly in December, data showed on Tuesday, underlining the strength of the recovery in Europe´s biggest economy, analysts said.
After dipping in November, industrial orders increased by 3.8 percent month-on-month in December, federal statistics authority Destatis calculated in seasonal and calendar adjusted data. Analysts had been pencilling a more modest rise of 0.7 percent.
Much of the increase was accounted for by more volatile big-ticket items, such as aircraft orders. Adjusted for those, overall orders were up by a more modest 0.8 percent, Destatis said.
And the increase was also driven primarily by foreign demand for German-made goods, with domestic orders edging only slightly higher, the data showed.
The image shows a poster of Syngenta Pakistan's 'CropWise Grower' mobile application. — Syngenta...
The undated image shows the name of the Bank of Punjab written on one its branches. — APP FileKARACHI: The Bank of...
ABHI, a financial technology company, partners with Soorty Enterprises. — Facebook/ProPakistaniKARACHI: ABHI, a...
This representational image shows Gold bars. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs1,600...
A currency exchange dealer counting $100 bills. — AFP/FileAs any old-school currencies trader will tell you: buy...
A Pakistan International Airline aircraft takes off in this undated picture. — Radio Pakistan/FileLAHORE: We have...