German Industrial Orders Rise 1.1% in September, Beating Expectations
Germany’s industrial orders grew 1.1% in September compared to the previous month, according to data released on Wednesday by the Federal Statistics Office. The increase was seasonally and calendar adjusted, reflecting steady momentum in the country’s manufacturing sector.
The result slightly exceeded market expectations, as a Reuters poll of analysts had forecast a more modest 1% rise. The stronger-than-expected data suggest a gradual recovery in German industrial demand, offering a positive signal for Europe’s largest economy.
