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German October Factory Orders Rebound After Three-Month Drop

  • Demand rises 1.8% on month vs. estimate for 1.2% increase
  • Record-low unemployment is spurring consumption, investment
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German factory orders rose for the first time in four months, climbing more than economists anticipated, as demand for investment and consumer goods jumped amid an economic recovery in the country and the 19-nation euro region.

Orders, adjusted for seasonal swings and inflation, rose 1.8 percent in October after a revised 0.7 percent drop in September, data from the Economy Ministry in Berlin showed on Friday. The increase follows three consecutive monthly declines and compares with an estimate for an expansion of 1.2 percent. Orders fell 1.4 percent from a year earlier.