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Germany factory orders beat estimates in Oct

by ChemOrbis Editorial Team -
  • 05/12/2014 (16:46)
According to media reports, Germany’s factory orders increased more than expected in October. The country’s factory orders rose 2.5% after a revised increase of 1.1% in the previous month. Initial estimates called for 0.5% growth in a survey conducted by Bloomberg. The increase was attributed to higher domestic orders.

On a yearly basis, the country’s factory orders grew by 2.4% when compared to the same period of 2013. Domestic factory orders increased 5.3% in October while export orders posted an increase of 0.6%.
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