German industrial orders rise more than expected in September
2024.11.06 02:44
By Maria Martinez
(Reuters) -German industrial orders rose more than expected in September thanks to large-scale orders such as aircraft, ships, trains and military vehicles, according to data released on Wednesday.
Orders increased by 4.2% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said.
A Reuters poll of analysts had pointed to a rise of 1.5%.
When large-scale orders are excluded, new orders were 2.2% higher than in the previous month.
The less volatile three-month on three-month comparison showed that total new orders rose by 4.2% in the third quarter compared with the previous quarter, while new orders excluding large-scale orders were down 0.6%.
The statistics office also revised the data for August to a 5.4% decline compared with July, a less pronounced slump than the 5.8% previously reported.
