Germany's industrial orders rose 0.3% in February from January, less than economists had predicted, helped by rising demand outside Europe; January's decrease revised to 1.8% from 2.7%
April 4, 2012
– Official data show that German industrial orders were up a modest 0.3 percent in February, helped by rising demand from outside Europe.
Economists had expected a month-on-month increase of more than 1 percent after a sharp drop in January. However, the Economy Ministry said Wednesday that the January decrease was revised down heavily to 1.8 percent from the original reading of 2.7 percent.
The ministry said orders from outside the eurozone were 5 percent higher on the month in February. That compensated for a 1.4 drop in orders from inside Germany and a 3.2 percent fall in demand from other countries in the 17-nation eurozone.
Germany's economy, Europe's biggest, has outperformed debt-troubled partners in the eurozone.
© 2020 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.