Strong Domestic Demand Boosts German Industrial Orders in December

Strong Domestic Demand Boosts German Industrial Orders in December
A worker wears a protective mask at the Volkswagen assembly line after VW re-starts Europe's largest car factory after coronavirus shutdown in Wolfsburg, Germany, on April 27, 2020. Swen Pfoertner/Pool via Reuters
Reuters
Updated:

BERLIN—German industrial orders grew more than expected in December, data showed on Friday, with a boost from stronger domestic demand a cause for optimism for the growth outlook of Europe’s largest economy.

Orders for goods grew 2.8 percent on the month in seasonally adjusted terms after a revised increase of 3.6 percent in November, figures from the Federal Statistics Office showed.