CORRECTED: German industrial orders up in February

4th April 2014, Comments 0 comments

German industrial orders, a key measure of demand for German-made goods both at home and abroad, rose in February, driven primarily by strong domestic orders, data showed on Friday.

Industrial orders were up 0.6 in February compared with the level the previous month, the economy ministry said in a statement.

In January, factory orders had increased by just 0.1 percent.

The ministry said that domestic orders increased by 1.2 percent while export orders edged up by just 0.2 percent.

By sector, orders for semi-finished goods rose by 1.2 percent and orders for capital goods were up 0.4 percent, while orders for consumer goods fell by 0.8 percent.

Taking December to February combined to iron out short-term fluctuations, overall orders were up 0.7 percent, the ministry calculated.

© 2014 AFP

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