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Factory Orders Gain in Germany
Factory orders in Germany rose by a seasonally adjusted 0.6% from February to March, according to the country's Federal Statistics Office.
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Factory orders in Germany rose by a seasonally adjusted 0.6% from February to March, according to the country's Federal Statistics Office.
Gains are being driven by domestic demand and growth in orders within the eurozone. Germany's export sales advanced only 0.2% last month.
The statistics office revised its estimate of growth in factory orders in January to 0.1% from 1.2% reported earlier. But growth has accelerated since then, making economists cautiously optimistic. They say the strengthening local market should help Germany weather easing demand in China.
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