German industry orders rise more than expected in February
BERLIN, April 4
BERLIN, April 4 (Reuters) - Domestic demand for capital and intermediate goods drove a stronger-than-expected 0.6 percent rise in German industrial orders in February after a downwardly revised 0.1 percent gain in January, data from the Economy Ministry showed on Friday.
The fourth consecutive monthly increase in orders beat the consensus forecast in a Reuters poll of 32 economists for a rise of 0.1 percent. Orders were originally reported to have risen 1.2 percent in January on a seasonally-adjusted basis.
"The data suggests industrial production will continue to revive in the coming months and momentum in domestic demand is picking up in the first quarter," the Economy Ministry said in a statement.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.