The stock exchange day: Industry with sixth consecutive order increase

The stock market day
Industry with sixth consecutive order increase

The Order books in German industry filled up for the sixth month in a row in October and are therefore thicker than before the crisis began. The orders grew by 2.9 percent compared to the previous month, as announced by the Federal Ministry of Economics. Economists had only expected an increase of 1.5 percent. In September there was a revised increase of 1.1 (previously: 0.5) percent. As a result of the race to catch up, the pre-crisis level has now been slightly exceeded: Measured on February 2020, the month before the restrictions caused by the corona pandemic in Germany, orders are 0.8 percent higher.

"In the past few months the demand for industrial goods both from home and abroad has continued to pick up," emphasizes the ministry. Orders from Germany increased by 2.4 percent in October, and those from abroad by as much as 3.2 percent. Orders from the euro zone increased by 0.5 percent, those from the rest of the world by 4.8 percent.

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