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| Version 1 | Version 2 |
|---|---|
| German factory orders raise economic hopes | German factory orders raise economic hopes |
| (about 21 hours later) | |
| The strongest monthly rise in German industrial output in over a year is an 'encouraging signal' for the economy, Germany's statistics agency has said. | The strongest monthly rise in German industrial output in over a year is an 'encouraging signal' for the economy, Germany's statistics agency has said. |
| German industrial output rose 4.6% in July despite concerns over the Ukraine crisis, Destatis said. | German industrial output rose 4.6% in July despite concerns over the Ukraine crisis, Destatis said. |
| The economy ministry figure was much higher than many economists had forecast, and comes after a 2.7% fall in output in June. | The economy ministry figure was much higher than many economists had forecast, and comes after a 2.7% fall in output in June. |
| Foreign orders made up the bulk of the rise in demand, the ministry added. | Foreign orders made up the bulk of the rise in demand, the ministry added. |
| Domestic orders increased 1.7% and foreign orders rose by 6.9% in the month. | Domestic orders increased 1.7% and foreign orders rose by 6.9% in the month. |
| The rise in industrial orders contrasts with figures last month from the economy ministry showing that the economy shrank in the second quarter by 0.2%. | |
| Following those weak figures, the government warned that the German economy had been "losing momentum". | Following those weak figures, the government warned that the German economy had been "losing momentum". |