German Factory Orders Beat Estimate as Euro Area Recovers

German factory orders increased more than estimated in September in a sign that Europe’s largest economy is benefiting from a recovery in the euro area and rising domestic investment.

Orders, adjusted for seasonal swings and inflation, jumped 3.3 percent from August, when they fell 0.3 percent, the Economy Ministry in Berlin said today. Economists forecast a gain of 0.5 percent, according to the median of 37 estimates in a Bloomberg News survey. Orders advanced 7.9 percent from a year ago, when adjusted for the number of working days.

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 German Factory Orders Beat Estimate as Euro Area Recovers

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