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German Industrial Orders Boosted by Local demand

November, 06 2018

The German industrial order grew surprisingly in September boosted by higher demand from domestic and other eurozone clients based on the reports on Tuesday. This also shows that Germany closed the quarter in solid growth.

Contracts that are made locally rose by 0.3 percent after an increase and revised higher by 2.5 percent last month, according to the Fed Statistics Office.

The figure came out stronger than anticipated as analysts forecast of a drop by 0.6 percent.

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Market updates and forecasts

German Industrial Orders Boosted by Local demand

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