German industrial orders buoyed by global demand

Associated Press + More

BERLIN (AP) — The German government says strong demand from outside the eurozone helped the country's industrial orders rise a stronger-than-expected 1.7 percent in December.

The Economy Ministry says Monday that the monthly rise follows a revised 4.9 percent drop in November.

Economists had been predicting a 1 percent rise in December.

The figures are adjusted for seasonal factors.

The rebound was driven by a strong 12.3 percent monthly increase from non-eurozone countries. By contrast, eurozone orders were down 6.8 percent and domestic orders fell 1.4 percent.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.