German manufacturing orders rose at their fastest pace in two years in June, boosted by strong foreign demand, in a sign the industrial sector in Europe's largest economy is staging a recovery , Forbes reports.
Analysts polled by Dow Jones Newswires had forecast a much smaller increase of 0.9 percent in the widely-watched indicator for Europe's biggest economy.
"The strength in demand came in the end from foreign orders which increased by 8.3 percent," despite a rise in the euro's value, the ministry said in a statement, especially good news for the country's export-oriented economy , AFP reports.
However, the Economy Ministry said that, while industrial orders from inside Germany were up only 0.2 percent, orders from abroad rose by a cumulative 8.3 percent in June.
Demand from Germany's partners in the 16-nation euro zone rose sharply, the data showed, with orders up 13.2 percent. Orders from elsewhere in the world rose by 4.8 percent , Atlanta Journal Constitution reports.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
Not that long ago, American soldiers would train their skills to counter insurgent and partisan military organizations. These days, they are trained to show resistance to the regular army of a potential adversary