Economics
German Factory Orders Rebound in Sign of Returning Growth
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German factory orders surged the most in more than one year in July after weak demand in the second quarter contributed to an economic contraction.
Orders, adjusted for seasonal swings and inflation, rose 4.6 percent from June, when they slid a revised 2.7 percent, the Economy Ministry in Berlin said today. That’s the biggest increase since June 2013 and exceeds the 1.5 percent median of 33 estimates in a Bloomberg News survey.