Wednesday February 19, 2020

Germany factory orders up as outlook improves

5th June, 2015
German unemployment fell for an eighth month in May

The Bundesbank has increased its forecasts for German economic growth this year and next as record-low unemployment and a recovering euro area boost consumption.

The upbeat assessment came as data on Friday showed factory orders climbed for a second month in April, rising a better-than-forecast 1.4 per cent. The German central bank sees gross domestic product increasing 1.7 per cent in 2015 and 1.8 per cent in 2016. That compares with December predictions of 1 per cent and 1.6 per cent, respectively.

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