BERLIN (AP) — Factory orders in Germany, an important indicator for Europe’s biggest economy, rose for the second consecutive month in February, official figures showed Thursday.
Orders were up 1.2% compared with January, which itself saw a 0.8% gain, the Economy Ministry said. It was the ninth increase in the past 10 months, the exception being a drop in December.
The gain was driven by demand at home, with orders from inside Germany rising 4%. Orders from other countries in the 19-nation eurozone were up 2.7%, but those from elsewhere in the world dropped 2.3%.
Last year, Germany’s gross domestic product shrank by 4.9%. That ended a decade of growth and was the biggest decline since the financial crisis in 2009.