German Factory Orders Rebound in Sign Economic Growth Picking Up

German factory orders rebounded in January in a sign that the pace of recovery in Europe’s largest economy is accelerating.

Orders, adjusted for seasonal swings and inflation, rose 1.2 percent from December, when they fell a revised 0.2 percent, the Economy Ministry in Berlin said today. Economists forecast a gain of 0.9 percent, according to the median of 36 estimates in a Bloomberg News survey. Orders surged 8.4 percent from a year ago when adjusted for the number of working days.