clear
Saturday July 21st, 2018 2:11AM

German factory orders see 3rd straight gain in October

By The Associated Press

BERLIN (AP) — Factory orders in Germany, Europe's biggest economy, were up 0.5 percent in October compared with the previous month — the third consecutive monthly gain.

The Economy Ministry said Wednesday that the increase was fueled by slightly higher domestic demand and a larger increase in orders from outside the 19-nation eurozone. Orders from other eurozone countries were down 1.2 percent.

The October gain followed increases of 4.1 percent in August and 1.2 percent in September, and came despite a below-average number of bulk orders.

Economists have recently increased their growth forecasts for the German economy, with surveys showing business confidence at a record high and promising economic data. Its third-quarter growth rate of 0.8 percent, compared with the previous three-month period, exceeded expectations.

  • Associated Categories: Associated Press (AP), AP World News, AP Business, AP Business - Economy
© Copyright 2018 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Hundreds of thousands of poor people detained in hospitals
Hundreds of thousands of poor people detained in hospitals because they can't pay: New report
3:35AM ( 12 minutes ago )
The Latest: Britain concerned by US reports on Jerusalem
The Latest: Britain's foreign secretary expresses concern that Trump might recognize Jerusalem as Israel's capital
3:34AM ( 13 minutes ago )
West Coast crisis leads to rise in US homeless population
The latest count of homelessness nationwide shows the population has increased for the first time in seven years, due mostly to a surging homeless crisis along the West Coast
3:32AM ( 16 minutes ago )
Associated Press (AP)
GOP leaders seek to avert shutdown over spending
Top Republicans are trying to quell GOP divisions and line up support for a short-term spending bill that would avert a partial government shutdown Saturday
2:50AM ( 57 minutes ago )
APNewsBreak: Network news accusers form victim support group
Women who say they were sexually harassed or mistreated by powerful men in television news are banding together to form a support network aimed at changing newsroom culture
1:33AM ( 2 hours ago )
US homeless count rises, pushed by crisis on the West Coast
A surge in homelessness on the West Coast has pushed the annual national count to nearly 554,000, the first time the number has gone up since 2010
1:23AM ( 2 hours ago )
AP Business
Leaders seek to end GOP fissures over bill averting shutdown
Top Republicans are trying to quell GOP divisions and line up support for a short-term spending bill that would avert a partial government shutdown Saturday
4:55PM ( 10 hours ago )
S&P 500 drops to third straight loss after tech rally fades
Another afternoon fizzle for stocks left the Standard & Poor's 500 index with its third straight loss on Tuesday
4:37PM ( 11 hours ago )
Tech stock recovery fades; US stock indexes flip to losses
U.S. stock indexes ticked higher on Tuesday as some of the year's biggest winners picked themselves back up following recent stumbles
3:24PM ( 12 hours ago )
AP Business - Economy
Hundreds of thousands of poor people detained in hospitals
Hundreds of thousands of poor people detained in hospitals because they can't pay: New report
3:35AM ( 12 minutes ago )
The Latest: Britain concerned by US reports on Jerusalem
The Latest: Britain's foreign secretary expresses concern that Trump might recognize Jerusalem as Israel's capital
3:34AM ( 14 minutes ago )
West Coast crisis leads to rise in US homeless population
The latest count of homelessness nationwide shows the population has increased for the first time in seven years, due mostly to a surging homeless crisis along the West Coast
3:32AM ( 16 minutes ago )
Britain urges move to Brexit phase 2 to solve border issue
British Foreign Secretary Boris Johnson says Brexit negotiations must not be held up by disputes over Irish borders and that the issue should be tackled in phase two of departure talks
3:30AM ( 17 minutes ago )
The Latest: Pope speaks to Abbas ahead of Trump announcement
The Latest: Pope Francis speaks with Abbas about US decision to recognize Jerusalem as Israeli capital
3:28AM ( 20 minutes ago )