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Germany’s factory orders surge in December

by ChemOrbis Editorial Team -
  • 05/02/2015 (15:30)
According to media reports, Germany’s factory orders surged 4.2% month over month in December after declining 2.4% in the previous month. Initial estimates called for an increase of 1.5% in a survey conducted by Bloomberg.

An increased number of orders from the eurozone was cited as the main reason behind the acceleration in the country’s factory orders while slumping crude oil prices and the European Central Bank’s most recent stimulus measures reportedly helped the country’s factory orders improve in the last month of 2014. Factory orders from the eurozone increased 5.9% in December.

In addition, Germany’s domestic demand rose 3.4%. Orders for basic goods climbed 2.8% while investment goods orders expanded 5.7%. However, orders for consumer goods fell 0.6%.
On a yearly basis, meanwhile, Germany’s factory orders grew 3.4%.
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