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German Factory Orders Rise as Economic Boom Continues Undaunted

  • Orders increase 1% in March vs. estimated gain of 0.7%
  • Pick-up led by demand from within 19-nation euro region

German factory orders expanded for a second month as Europe’s largest economy picked up speed.

Orders, adjusted for seasonal swings and inflation, rose 1 percent in March, after expanding an upwardly revised 3.5 percent in February, data from the Economy Ministry in Berlin showed on Monday. The typically volatile reading compares with a median estimate for a 0.7 percent gain in a Bloomberg survey. Orders were up 2.4 percent from a year earlier, when adjusted for working days.