German factory order
BERLIN: German industrial orders, a key measure of demand for goods in Europe’s biggest economy, rebounded in March on the back of stronger than expected foreign demand, the economy ministry said on Monday. Orders rose 1.9 per cent for the month compared to March last year, in a recovery that outstripped the 0.7 per cent growth predicted by analysts. The positive bounce came after a slump of 0.8 per cent in February The ministry noted that the rebound was based mainly on strong growth in foreign orders, which rose 4.3 per cent from February — particularly from outside the eurozone where demand surged by 6.2 per cent. Domestic orders meanwhile declined by 1.2 per cent on a month-on-month basis.