German factory orders rise in September
• German factory orders rose 1.0% m/m in September
• Foreign orders from Eurozone rose 6.3% m/m
German factory orders rose in September confirming solid economic expansion of the Eurozone largest economy.
Price-adjusted new orders in manufacturing had increased in September 2017 a seasonally and working-day adjusted 1.0% on the previous month, German statistical authority Destatis said on Monday.
During the last two months, German companies have received almost as many orders as they did before the economic and financial crisis in 2007. Factory orders in August rose revised 4.1% m/m.
Within the structure, domestic orders decreased by 0.1% m/m and foreign orders increased by 1.7% m/m in September. New orders from the euro area were up 6.3%m/m, new orders from other countries decreased 1.0% m/m, confirming a solid and broadly based recovery in Eurozone.