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German industrial orders bounce back on strong foreign demand

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Economy16 minutes ago (Jan 06, 2022 07:20)

© Reuters. FILE PHOTO: A worker connects the battery during the assembly of an e-Golf electric car at the new production line of the Transparent Factory of German carmaker Volkswagen in Dresden, Germany March 30, 2017. REUTERS/Fabrizio Bensch/File Photo

BERLIN (Reuters) – Higher demand from abroad drove a bigger-than-expected rebound in German industrial orders in November, data showed on Thursday, in rare good news for manufacturers suffering from supply bottlenecks and labour shortages in Europe’s largest economy.

Orders for goods ‘Made in Germany’ rose 3.7% on the month in seasonally adjusted terms after a revised drop of 5.8% in October, figures from the Federal Statistics Office showed.

A Reuters poll of analysts had pointed to a smaller increase of 2.1% on the month.

German industrial orders bounce back on strong foreign demand

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