Industrial orders in Germany rose in October

Industrial orders in Germany rose in October, according to the Ministry of Economy of Germany.

In October, orders entered rose 0.5% on adjusted terms, ahead of forecasts of analysts interviewed by The Wall Street Journal, which predicted a 0.5% decline in the indicator.

The September data on the industrial orders were revised upwards, showing an increase of 1.2%, while initially an increase of 1% was reported.

In October, orders from abroad increased by 0.5% in monthly terms, while domestic orders increased by 0.4%, the ministry said.

Foreign orders from the euro area fell by 1.2%, and orders from countries outside the eurozone grew by 1.6%, the documents of the department emphasize.