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Germany’s factory orders post fresh hikes in April

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/06/2015 (11:38)
According to data released by Germany’s Ministry of Economy, the country’s factory orders increased for a second consecutive month in April to post a gain of 1.4% on a seasonally and inflation adjusted basis following an upwardly revised increase of 1.1% in the previous month. Economists’ initial estimates called for an increase of 0.5% in a survey conducted by Bloomberg. On a yearly basis, factory orders rose 0.4% compared with the same month of 2014.

The data revealed that exports orders climbed 5.5% in April while consumer goods orders rose 4.5%. Investments goods orders increased 2.3% while domestic orders declined by 3.8% in April.

According to the Bundesbank’s , latest growth outlook published in December, the German economy will grow 1% this year and 1.6% in 2016 on the back of record-low unemployment along with high business confidence and strong consumer spending.
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