Connect to share and comment

German industrial orders up in February

PlacardEnlarge
(Globalpost/GlobalPost)

German industrial orders, a key measure of demand for German-made goods both at home and abroad, rose in February, but not as strongly as the previous month, data showed Friday.

Industrial orders were up 0.6 in February compared with the level in January, boosted primarily by domestic orders, the economy ministry said in a statement.

In January, factory orders had increased by 1.0 percent.

The ministry said that domestic orders increased by 1.2 percent while export orders edged up by just 0.2 percent.

By sector, orders for semi-finished goods rose by 1.2 percent and orders for capital goods were up 0.4 percent, while orders for consumer goods fell by 0.8 percent.

Taking December to February combined to iron out short-term fluctuations, overall orders were up 0.7 percent, the ministry calculated.

spm/yad

http://www.globalpost.com/dispatch/news/afp/130904/5-saudi-qaeda-members-go-trial-yemen-0