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Germany: industrial orders up in August, +2%

Strong foreign demand, but -2.1% compared to one year ago

05 October, 12:16
(ANSA) - BELGRADE, 05 OTT - Factory orders in Germany rose in August after two months of decline, the German federal statistical institute (Destatis) said today.

New orders in manufacturing had increased in August 2018 a seasonally and calendar adjusted 2.0% on the previous month.

Previous data from Destatis show that new orders declined by 0.9% in July 2018 and by 3.9% in June. However, orders are still down 2.1% on the same month a year earlier.

Domestic orders decreased by 2.9% and foreign orders increased by 5.8% in August 2018 on the previous month, Destatis noted, adding that new orders from the euro area were down 2.2%, while new orders from other countries were up 11.1% compared to July 2018. (ANSA).

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