German industrial orders rise 4.4 percent in September
German industrial orders grew less than anticipated in September with a 4.4 percent monthly increase driven largely by automotive gains. The federal statistics office reported the data following a sharp revised decline in August.
Germany's industrial orders rose 4.4% in September on a seasonally and calendar-adjusted basis, missing analyst expectations of a 4.8% increase, the federal statistics office said on Thursday morning. The gain follows a revised 10.1% decline in August.
