Economics
German Factory Orders Jump With Exports Delivering Special Boost
- Orders rose 4.5% in August, vs. estimate for 2.8% gain
- Demand led by orders of investment goods from euro area
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German factory orders rose for a fourth month in the latest sign that the country’s industry-heavy economy is faring better than its services-focused peers in recovering from the pandemic.
Demand for goods from Europe’s largest economy gained 4.5%, beating economists’ estimates for a 2.8% increase. Export orders delivered a particular boost, with investment goods from the euro area up more than 20%.