German factory orders jumped unexpectedly in September

Note: This section contains information in English only.
Source: WBP Online
© Scanpix/AFP
German factory orders gained 3.3% in September, exceeding significantly the analysts' expectations of only 0.5% advance, following the 0.3% fall in August, the Federal Ministry of Economics and Technology data revealed on Wednesday. The October‘s Purchasing Managers' Index remained above 50 and advanced to 51.7 points, 0.2 points higher than estimated, while the services PMI declined to 52.9 in October, comparing to prior 53.7.
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