German industry orders bounce back

Updated: 11:19, Monday, 6 February 2012

New figures show that industrial orders in Germany rose in December.

1 of 1Orders from outside euro zone lift German industry
Orders from outside euro zone lift German industry

New figures show that industrial orders in Germany rose in December, partly reversing the sharp fall seen the previous month, on the back of a rebound in orders from outside the euro zone.

The economy ministry said industrial orders rose by 1.7% in December from November, after dropping by 4.9% the previous month.

The ministry said the increase was due to a strong rise of 4.3% in overseas demand, mainly from countries outside the euro zone.

Orders from the euro zone dropped by 6.8%, but orders from outside the single currency area jumped by 12.3%. Domestic orders, on the other hand, were down by 1.4% month-on-month, the ministry calculated.

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