German factory orders up more than expected

FRANKFURT, Nov 06 (AFP): German industrial orders rebounded more than expected in September, official data showed Wednesday, but analysts warned a Donald Trump victory in the United States could present a risk to the country's crucial exports.

New orders, closely watched as an indicator of future business activity, rose 4.2 per cent month-on-month, according to federal statistics agency Destatis, after slumping in August.

Analysts surveyed by financial data firm FactSet had been expecting an increase of 1.3 per cent.

It was a rare piece of good news for Europe's top economy, which has struggled in recent times in particular due to a slowdown in its factories.

"The significant increase is a pleasant surprise," said analyst Jens-Oliver Niklasch from LBBW bank, adding that it "finally gives hope for a revival in the manufacturing sector".