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German industrial orders bounce back on strong foreign demand -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A worker attaches the battery to an electric vehicle at the Transparent Factory, German carmaker Volkswagen Dresden. March 30, 2017, Dresden. REUTERS/Fabrizio Bensch/File Photo

BERLIN (Reuters). BERLIN (Reuters). Higher foreign demand drove a larger-than-expected rise in German industrial orders for November. This is rare news for European manufacturers that are suffering from shortages of labour and supply issues in Europe’s biggest economy.

According to the Federal Statistics Office, orders for German goods “Made in Germany” rose 3.7% in the month after an October drop of 5.8%.

An analyst poll by Reuters had indicated that there was a 2.1% decrease in the number of people who have paid taxes.

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