German Orders Gain Most in Eight Months in Recovery Sign
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German factory orders increased by the most in eight months and U.K. industrial production beat forecasts in June, adding to evidence of a nascent recovery in Europe. Italy’s economic contraction slowed.
German orders, adjusted for seasonal swings and inflation, increased 3.8 percent from a month earlier, driven by contracts for bulk items, the Economy Ministry in Berlin said today. Economists forecast a gain of 1 percent in June, according to the median of 42 estimates in a Bloomberg News survey. U.K. output climbed 1.1 percent from May after stagnating for three months, the Office for National Statistics said in London.