According to data gathered from the Economy Ministry in Berlin, the factory orders in Germany increased for a second consecutive month. The continues to enforce the positive predictions regarding the economy’s significant growth, in the recent years.
Last September, the orders increased by 1%, and in August, they grew by a robust 4.1%. The previous forecasts predicted that, rather than increasing, the factory orders will decrease by 1.1% in September and 3.6% increase in August. Despite a 0.1% decrease in domestic orders, some of Germany’s major trading partners in the EU increased by 6.3% and foreign orders grew by 1.7%.
When compared with the previous quarter, in the last three months, manufacturing orders grew by 3.6%.
Apart from factory orders, the economy is maintaining its growth, consumer spending is increasing and unemployment is reaching record low levels.