Business and Economy
German factory orders post 2nd consecutive increase
BERLIN — German factory orders rose for a second consecutive month in September, powered by a large increase in demand from other eurozone countries.
The Economy Ministry said Monday that orders were 1 per cent higher than the previous month, following a 4.1 per cent rise in August. Orders from other nations in the 19-nation eurozone were up 6.3 per cent, while domestic orders slipped 0.1 per cent and demand from other countries was down 1 per cent.
The increase was led by demand for investment goods such as factory machinery, which was up 4.9 per cent compared with the previous month.
The data add to promising signals for growth in Germany, Europe’s biggest economy.