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German factory orders bounce back in April, rise by stronger-than-expected 3.1 per cent

BERLIN – German factory orders rebounded in April, rising by a stronger-than-expected 3.1 per cent compared with the previous month with help from a surge in demand from other countries in the eurozone.

The increase reported Thursday by the Federal Statistical Office was more than double the 1.4 per cent rise economists had forecast. It followed a surprise 2.8 per cent fall in March.

Domestic orders were unchanged over the previous month but the statistical office says demand from abroad rose 5.5 per cent — led by a 9.9 per cent increase in orders from the other 17 countries that use the euro.

The German economy, Europe’s biggest, has accelerated this year. It grew by a robust 0.8 per cent in the first quarter compared with the previous three-month period.