BERLIN (Reuters) – Higher demand from abroad drove a bigger-than-expected rebound in German industrial orders in November, data showed on Thursday, in rare good news for manufacturers suffering from supply bottlenecks and labour shortages in Europe’s largest economy.
Orders for goods ‘Made in Germany’ rose 3.7% on the month in seasonally adjusted terms after a revised drop of 5.8% in October, figures from the Federal Statistics Office showed.
A Reuters poll of analysts had pointed to a smaller increase of 2.1% on the month.
(Reporting by Michael Nienaber, Editing by Miranda Murray)