Germany’s industrial orders rise 0.8% in December from November

06 February 2013 17:31  [Source: ICIS news]

LONDON (ICIS)--Germany’s industrial orders rose 0.8% in December from November, but orders in the country’s chemicals and pharmaceuticals sector fell, according to data released on Wednesday.

The country's economics ministry said that industrial orders from abroad rose 2.4% in December from November, more than offsetting a 1.2% decline in domestic orders.

The increase in orders, as well as recent improvements in business climate indicators, signalled an end to the weakness in industrial production, the ministry added.

December’s increase came after a revised 1.8% decline in orders in November from October.

On a two-month sequential comparison – November/December versus October/September, industrial orders were up 0.5%. Compared with November/December 2011, orders were down 1.4% year on year.

In a related data release, Germany's central bank, the Bundesbank, said that its volume index for orders in Germany’s chemicals and pharmaceuticals sector fell to 96.9 in December, from 100.0 in November. The index’s base year is 2005.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog

By: Stefan Baumgarten
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