German industry recorded the strongest increase in orders in around three and a half years. New business increased by 8.9 percent compared to the previous month.
The increase is due to an unusually large number of large orders in a number of industries. Without these effects, orders would have fallen by 2.2 percent. In January, 36.9% of industrial companies reported a lack of orders, as the Munich researchers announced in their monthly survey. Ifo Institute: Lack of orders threatens to become more of a burden on the German economy.