Germany's factory orders grew at a faster pace in October, data from Destatis revealed Friday.
Factory orders grew 2.9 percent on month in October, faster than September's 1.1 percent rise. Orders were forecast to climb 1.5 percent.
Excluding major orders, new orders in manufacturing were 1.7 percent higher than in the previous month.
Domestic and foreign orders increased 2.4 percent and 3.2 percent, respectively in October.
Year-on-year, factory orders advanced 1.8 percent, in contrast to a 1.1 percent decrease in September, data showed.
Further, manufacturing turnover increased 4 percent on a monthly basis, faster than the revised 1.7 percent rise seen in August.
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now