Germany’s Factory Orders Expand At Faster Pace

Germany's factory orders growth gained further momentum in August on foreign demand raising hopes for strong economic rebound in the third quarter. Data released by Destatis showed that factory orders climbed 4.5 percent month-on-month, which was faster than the 3.3 percent rise in July and the 2.6 percent increase economists' had forecast. This was the fourth consecutive increase in orders.Original Article