German factory orders post another solid gain in November

AP News
Posted: Jan 07, 2016 2:52 AM

BERLIN (AP) — German factory orders posted a second consecutive month of solid growth in November, led by demand from inside the country.

The Economy Ministry said Thursday that orders were up 1.5 percent compared with the previous month. That followed a 1.7 percent gain in October.

Orders from inside Germany were up 2.6 percent and those from outside the 19-country eurozone rose 1.4 percent. Demand from inside the eurozone slipped 0.5 percent.

ING-DiBa economist Carsten Brzeski said the figures illustrated a shift of the German economy toward more domestic activity last year, which he said saw a "successful transition toward more balanced growth."

The economy, Europe's biggest, has traditionally been heavy on exports.

Preliminary 2015 economic growth figures for Germany are due next week.