German Factory Orders Increase on Domestic Demand
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German factory orders rose in October as domestic demand picked up, another sign the country’s economic recovery is broadening.
Orders, adjusted for seasonal swings and inflation, increased 1.6 from September, when they fell 4 percent, the Economy Ministry in Berlin said today. Economists expected a 1.9 percent gain, according to the median of 40 estimates in a Bloomberg News survey. From a year earlier, orders climbed 17.9 percent when adjusted for working days.