German Factory Orders rebound 3.9% MoM in August vs. 1.8% expected

Tthe official data published by the Federal Statistics Office of Germany showed on Friday, the factory orders rebounded firmly in August, suggesting that the German manufacturing sector is regaining traction.

On a monthly basis, contracts for goods ‘Made in Germany’ jumped 3.9%, when compared to a 1.8% increase expected and a -11.3% previous figure.