04 April 2014 17:50 [Source: ICIS news]
LONDON (ICIS)--Germany's industrial orders rose 0.6% in February from January, with orders in the country's chemical industry also rising, according to government data released on Friday.
Germany's economics ministry said that February's increase was largely driven by domestic demand. The increase came after a downward-revised 0.1% increase in orders in January from December.
Meanwhile, Germany's central bank, the Bundesbank, said that its volume index for orders in the country's chemicals and pharmaceuticals industry rose to 105.1 in February, from 104.1 in January. The index's base year is 2010.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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