Dec. 4, 2020, 2:12 a.m. EST

German manufacturing orders show continued rebound

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By Maria Martinez

German manufacturing orders rose for the sixth consecutive month in October, before the second lockdown was implemented, federal statistics office Destatis said Friday.

Manufacturing orders increased 2.9% in October in adjusted terms after an upwardly revised 1.1% expansion in September, according to Destatis. Economists polled by The Wall Street Journal had expected October orders to grow at a rate of 1.1% on the month.

On an annual basis, orders rose 1.8%, adjusted for calendar and price effects.

New orders in October were 0.8% higher in seasonally and calendar-adjusted terms compared with February, the month before restrictions were first imposed in Germany due to the coronavirus pandemic.

Domestic orders increased 2.4% and foreign orders rose 3.2% in October, Destatis said.

Due to the coronavirus pandemic, factory orders and industrial output in April recorded their largest declines since the beginning of the series in January 1991.

German industrial production data for October is due to be published on Monday.

Write to Maria Martinez at maria.martinez@wsj.com

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