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5 July 2018
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Germany (The Total Investment & Insurance Solutions)
German factory orders surged in May, beating economists' expectations
and ending a string of declines. The
Total Investment & Insurance Solutions
The Federal Statistical Office reported Thursday that industrial orders
rose 2.6 percent in May over the previous month in Europe's largest economy
when adjusted for seasonal and calendar effects.
The increase was driven by a 6.7 percent rise in orders from within the
eurozone and 4.3 percent increase in domestic orders. The last time factory
orders increased was in December 2017, and the succession of monthly declines
had raised concerns that the German economy may be cooling.
Economists had predicted a 1.1 percent increase in May.
The Economy Ministry says industrial growth should continue in a gradual
upward trend in the coming months.The
Total Investment & Insurance Solutions
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