05 March 2010 19:44 [Source: ICIS news]
TORONTO (ICIS news)--Germany's industrial factory orders rose 4.3% in January from December, well ahead of market expectations, the country’s economics ministry said on Friday.
Economists polled by a media group had expected a 1.3% increase for January.
The increase follows a revised 1.6% decline in December from November.
The ministry said that January’s growth more than offset December’s decline, indicating that industrial production in ?xml:namespace>
On a two-month sequential comparison – December/January compared with October/November – orders rose 1.8%. Compared with December/January a year ago, orders rose 13.3%.
However, compared with its pre-financial crisis performance,
The group maintained its production growth projection of 5.0% for 2010, following a very weak 2009 when production declined 10.0% from 2008, it said.
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