Posted on 10/06/2017 4:10:55 AM PDT by Berlin_Freeper
German industrial orders bounced back in August, rising more than expected on strong foreign demand, data showed on Friday, suggesting that factories will contribute to overall growth in Europe’s largest economy in coming months.
Industrial companies registered a 3.6 percent increase in orders after contracts for ‘Made in Germany’ goods fell by an upwardly revised 0.4 percent in July, data from the Economy Ministry showed.
The reading for August was the strongest monthly increase since December. It easily beat the Reuters forecast for a 0.7 percent rise, surpassing even the most optimistic estimate.
(Excerpt) Read more at uk.reuters.com ...
Orders from where? Iran?
2017 VDMA: German Machinery Suppliers Confident About Iran
In the first half of 2017, German machinery export to Iran rose over 140% to €22.9 million, compared with the first six months of 2016, which saw €9.3 million worth of export to the country.
The “MAGA Boost” is lifting all boats
Some boats we don’t want lifted.
It’s the Iranian business that concerns me.
In the first half of 2017, German machinery export to Iran rose over 140% to €22.9 million,2017 : U.S. trade in goods with Iran
Follow the money.
You are posting about $22 million compared to $100+ billion with China and again with France. etc.
Rather pounds not dollars. Still low millions.
You make a war machine with 22 million pounds and let me know how far you get.
Oh, I’d be willing to bet you know very well we’re talking about a heckuva lot more biz than that. And it’s been going on for years.
If you say so.
(not really)
Siemens and Bayer sell to the world.
An order here, an order there, pretty soon you have growth in orders reflecting perhaps...... world economic growth
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