BERLIN: German industrial goods orders rose by 4.5% on the month in August, data showed on Tuesday, in a boost to hopes for a robust third-quarter recovery in Europe’s largest economy after the coronavirus shock.
The rise compared with a Reuters forecast for an increase of 2.6%, signalling that the economy is making progress on its way back to pre-crisis levels.
Figures from the Federal Statistics Office showed that domestic orders rose by 1.7% on the month while orders from abroad increased by 6.5%.
The Office said order intake was 3.6% lower than in February, before lockdown measures were imposed to slow the spread of the coronavirus.
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