German Factory Orders Rose in March in Sign of Recovery
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German factory orders unexpectedly jumped for a second month in March, suggesting Europe’s largest economy is starting to grow again.
Orders, adjusted for seasonal swings and inflation, increased 2.2 percent from February, when they also advanced 2.2 percent, the Economy Ministry in Berlin said today. Economists forecast a 0.5 percent drop, according to the median of 39 estimates in a Bloomberg News survey. In the year, workday-adjusted orders fell 0.4 percent.