German Factory Orders Increase on Demand From Abroad: Economy
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German factory orders rose more than economists forecast in December as demand from outside the euro area helped its largest nation weather the sovereign debt crisis.
Orders, adjusted for seasonal swings and inflation, rose 1.7 percent from November, when they slumped 4.9 percent, the Economy Ministry in Berlin said today. Economists forecast an increase of 1 percent, according to the median of 36 estimates in a Bloomberg News survey.