German Factory Orders jump 4.2% MoM in September vs. 1.5% expected

Germany’s Factory Orders rebounded in September, according to the official data published by the Federal Statistics Office on Monday, suggesting that the German manufacturing sector recovery is back on track.

Over the month, contracts for goods ‘Made in Germany’ jumped by 4.2% in September after the 5.4% revised slump reported in August. Data beat the estimates of a 1.5% increase.