| |
| >> Back to the article | |
| May 7, 2009 | |
|
German industrial orders up
|
|
| BERLIN - GERMAN industrial orders showed the first increase for six months in March, rising 3.3 per cent, giving 'hope for a normalisation' in Europe's biggest economy, the government said on Thursday.
The economy ministry said the seasonally adjusted rise from February 'cannot even begin' to make up for recent months, with orders for goods made by the world's top exporter off a whopping 14.5 per cent in the first quarter. 'But the latest numbers show that the hitherto unbroken plunge has broken its fall and that hope for a normalisation can grow,' the ministry said in a statement. The rise - economists had expected a moderate fall - is the first piece of hard data to back up the government's prediction that the economy is set to grow slightly in 2010 after slumping a record six percent this year. Orders from abroad were up 5.6 per cent and those from within Germany rose 1.1 per cent, with all three main industrial sectors reporting a pick-up in business. The ministry cautioned however that there were a large number of very large, single orders recorded in March, something which may have skewed the data and made the picture out to be rosier than it is in reality. -- AFP | |
| Copyright © 2007 Singapore Press Holdings. All rights reserved. Privacy Statement & Condition of Access |
![]() |
|
|
|
Best viewed at 1152x864 resolution with IE 6.0 or
FireFox 2.0 and above Copyright © 2008 Singapore Press Holdings Ltd. Co.
Regn No. 198402868E | Privacy Statement
| Terms & Conditions
|