German Factory Orders Gained in February as Growth Picks Up
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German factory orders rose in February, adding to signs that growth in Europe’s largest economy is gathering pace.
Orders, adjusted for seasonal swings and inflation, rose 0.6 percent from the prior month, the Federal Statistics Office in Wiesbaden said today. Economists forecast a gain of 0.2 percent, according to the median of 35 estimates in a Bloomberg News survey. Growth in orders for January was revised lower to 0.1 percent from 1.2 percent.