Indicators
German Factory Orders Unexpectedly Edged Higher in September
- September demand rose 0.2% from previous month; est. -1.5%
- Economy battling to dodge recession after 3Q contraction
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German factory orders unexpectedly rose again in September — offering further hope that the manufacturing woes gripping Europe’s biggest economy may be easing.
Monday’s data showing a 0.2% increase in demand represent a second straight monthly gain and exceed analysts’ expectations for a 1.5% drop. August’s advance, however, was revised down by about half, to 1.9%.