German manufacturing orders rose in October, data from the country’s economics ministry showed Wednesday.
In October incoming orders grew by 0.5% on month in adjusted terms, beating analysts’ forecast of a 0.5% decline in The Wall Street Journal’s poll last week.
September’s reading was revised upward to show growth of 1.2% from 1.0% initially.
In October, foreign orders increased by 0.5% on month, while domestic orders grew by 0.4%, the ministry said.
Foreign orders from the eurozone declined by 1.2%, while orders from non-eurozone countries expanded by 1.6%, it added.
Source: Dow Jones