Substantial growth in German Industrial orders

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Substantial-growth-in-German

According to the German authorities, the industrial orders in Germany has increased with a quarterly rate of 4.3%.  This was due to the high local and foreign demand for capital goods, increasing by 9.7% from previous years.   Sal. Oppenheim economist, Ulrike Kastens said that even though there were some political uncertainties, the German economy is showing a substantial growth.

Furthermore, she provided the following improvements:

  • ‘Made in Germany’ contracts for goods increased by 5.2% on the month. This was the highest since mid 2014.
  • Domestic demand increased by 6.7%.
  • Foreign orders increased by 3.9%.
  • Booking from euro-zone countries increased by 10%.

According to the ministry the improvements above show a continuous increase for the next quarter.

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