German Machinery Orders up 36 Percent in April

Resource from: CBCC Likes:2933

Jun 01,2010

Germany's machinery industry says recovery accelerated in April as orders rose 36 percent on the year. VDMA, a trade industry group, said Monday the rise — which followed a 21 percent year-on-year increase in March — was fueled equally by exports and by domestic demand. Orders from abroad were up 37 percent and those from inside Germany rose 36 percent. VDMA conceded that, along with increasing growth, a particularly weak April 2009 performance was a factor in the rise. However, it said total orders from February to April — a figure less influenced by short-term fluctuations — were up 27 percent on the same period last year.

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