German Factory Orders Rose More Than Forecast in March
This article is for subscribers only.
German factory orders rose more than economists forecast in March as demand from outside the euro area helped Europe’s largest economy weather the debt crisis.
Factory orders, adjusted for seasonal swings and inflation, jumped 2.2 percent from February, when they gained a revised 0.6 percent, the Economy Ministry in Berlin said today. Economists surveyed by Bloomberg News predicted a 0.5 percent increase, according to the median of 37 estimates. From a year ago, orders dropped 1.3 percent when adjusted for work days.