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German manufacturing orders rebound in August
Friday, 5 October 2018 15:29 WIB | EUROPE |Ekonomi JermanJerman

German manufacturing orders bounced back in August, driven by a surge in demand from outside the eurozone - a sign that German firms are resilient despite global trade tensions.

The German economics ministry said Friday that total manufacturing orders rose 2% on the month, after falling by 0.9% on the month in July. Economists polled by The Wall Street Journal had forecast an increase of 0.4%.

Foreign orders rose by 5.8% in August compared with July, despite a 2.2% drop in demand from other eurozone countries. Domestic orders fell 2.9% on the month.

German manufacturing orders were down 2.1% from August last year, taking account of calendar effects.

Source: Marketwatch

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