German Factory Orders Beat Forecast in Sign Economy Recovering
This article is for subscribers only.
German factory orders rose more than forecast in October in a sign Europe’s largest economy is continuing its recovery from a mid-year dip.
Orders, adjusted for seasonal swings and inflation, climbed 2.5 percent after a revised increase of 1.1 percent in September, data from the Economy Ministry in Berlin showed today. Economists predicted an increase of 0.5 percent, according to the median of 37 estimates in a Bloomberg News survey. Orders grew 2.4 percent from a year earlier.