German Factory Orders Rise as Economic Growth on Track

German factory orders rebounded in April from the biggest plunge in more than a year, signaling that growth in Europe’s largest economy remains on track.

Orders, adjusted for seasonal swings and inflation, increased 3.1 percent from March, when they declined 2.8 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a gain of 1.4 percent, according to the median of 34 estimates in a Bloomberg News survey.