German industrial orders up on strong exports: data
German industrial orders rose in December, propelled by a high number of big-ticket orders and strong overseas demand for German-made goods, official data showed on Wednesday.
Industrial orders increased by 0.8 percent in December compared with November, after falling by 1.8 percent the previous month, the economy ministry said in a statement.
Analysts polled by Dow Jones Newswires had been pencilling in a gain of 0.7 percent for December.
"There was an above-average volume of big-ticket orders," the ministry explained.
And while domestic orders declined by 1.2 percent, orders from abroad rose sharply by 2.4 percent, it calculated.
© 2013 AFP