Off the wire
• Ministers mull intra-Africa tourism to increase arrivals  • 1st LD: Acting speaker of Brazil lower house annuls impeachment vote against Rousseff  • Two Kenyans fined USD200,000 for dealing with wildlife trophies  • 2nd LD Writethru: Duterte still leading in Philippine presidential election with 82 percent votes counted  • 97 expedition teams off to different peaks of Nepal this season  • Roundup: SA government pledges to address structural constraints to economic growth  • 1st LD: At least 10 killed in car bomb blast in Iraq's Diyala  • Top Republican leader Ryan says he would step down if Trump asks  • Khartoum vows to rule out moves that may destabilize S. Sudan  • Feature: Greek gov't shifts focus to debt relief after pension, tax reforms  
You are here: 　 Home

German factory orders rebound in March

Xinhua, May 10, 2016 Adjust font size:

New orders received by German manufacturing companies rebounded in March mainly due to strong demand from abroad, official data showed on Monday.

Adjusted for seasonal and working-day swings, German factory orders increased by 1.9 percent in March, following a monthly decrease of 0.8 percent in February, said German federal statistics office Destatis.

The surge in March was the strongest since June last year, and was mainly due to buoyant foreign demand, the statistics office said.

While domestic orders decreased by 1.2 percent, new orders from the euro zone went up by 1.1 percent in March. Meanwhile, orders from countries outside the common currency area jumped by 6.2 percent.

In the first quarter, new orders rose by 0.5 percent compared with the last three months of 2015.

"Despite the gloomy external environment, the German industry was able to record a significant increase in orders from abroad," said the German Federal Economy Ministry in a statement, adding that it expected a "moderate upswing" in the industry. Endit