German factory orders post 2nd consecutive increase

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BERLIN — German factory orders rose for a second consecutive month in September, powered by a large increase in demand from other eurozone countries.

The Economy Ministry said Monday that orders were 1 per cent higher than the previous month, following a 4.1 per cent rise in August. Orders from other nations in the 19-nation eurozone were up 6.3 per cent, while domestic orders slipped 0.

1 per cent and demand from other countries was down 1 per cent.

The increase was led by demand for investment goods such as factory machinery, which was up 4.

9 per cent compared with the previous month.

The data add to promising signals for growth in Germany, Europe’s biggest economy.