Economics
German Factory Orders Rise as Economy Grapples With Longer Curbs
- Demand climbed 1.4% in January; exceeding est. 0.5% rise
- Gains were driven primarily by orders from outside the country
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German factory orders rose in January, suggesting manufacturing will continue to support the economy through extended coronavirus lockdowns.
Demand increased 1.4%, nearly three times as much as expected and bolstered by orders from outside the country. Domestic demand declined.