German factory orders recorded an upswing in December 2017, adjusted for seasonal swings and inflation, orders jumped 3.8% the Economy Ministry in Berlin said on Tuesday. The revised figures for November were 0.1%.
German industry recorded strong growth backed by heavy demand from abroad and against the backdrop of a resilient economy.
"Brisk demand from abroad brought full order books and good sentiment in companies. German industry should start strongly into 2018," said the Economy Ministry.
Factory orders are generally volatile and orders slid in November when demand for goods dropped. The second half of 2017 saw more dynamic growth.
Economic boom a boon
Economically, Germany has seen a boom with exporters benefitting from twin spurs of improving global trade and strong domestic spending arising from low unemployment.
Manufacturing is leading Germany’s economic expansion. A strength that helped labour union IG Metall to reach a momentous deal in Baden-Wuerttemberg providing workers with a 4.3% pay increase over 27 months and could provide a template across the rest of the country.
The agreement was reached after the union had called for 6% pay increase over 12 months and a better work life balance with more free time. Production had been disrupted after several one-day walkouts.