German Factory Orders Recover in Sign of Steady Growth

German factory orders recovered in March after two months of decline, signaling that Europe’s largest economy is poised to grow at a steady pace.

Orders, adjusted for seasonal swings and inflation, rose 0.9 percent after declining at the same rate in February, data from the Economy Ministry in Berlin showed on Thursday. The typically volatile number compares with a median estimate of a 1.5 percent increase in a Bloomberg survey. Orders jumped 1.9 percent from a year earlier.