German factory orders dip in November, but trend positive
Slipped by 0.4 percent in November after three months of gains
08 January, 10:29It says the dip was largely due to fluctuations in bulk orders and the overall trend remains positive. November's month-on-month decline followed gains of 0.7 percent in October and 1.3 percent in September. The ministry said Monday that there was a 0.7 percent gain in orders from other nations in the 19-nation eurozone, but domestic demand was off 0.4 percent and there was a 1.2 percent drop in orders from countries outside the eurozone.
The German economy is in good shape, with surveys showing business confidence close to a record high and economic data supporting the optimism. A preliminary figure for 2017 economic growth is due on Thursday. (ANSA-AP).