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German Industrial Orders Boosted by Local demand


November, 06 2018
watermark Economic news

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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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.