European Industrial Orders Rise More Than Economists Forecast

European industrial orders increased more than economists forecast in November as Germany, the region’s largest economy, continued to fuel economic growth.

Orders in the euro area rose 2.1 percent from October, when they increased 1.4 percent, the European Union’s statistics office in Luxembourg said today. Economists had forecast a gain of 1.9 percent, the median of 14 estimates in a Bloomberg News survey showed. November orders jumped 20 percent from the year-earlier month, the data showed.