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Orders to German factories rose in October for the third month in a row, confusing expectations of a decline and highlighting the strength of the largest economy in the world. eurozone Factory orders increased 0.5 percent in October compared to the previous month, according to the Federal Statistics Office (Destatis). The September gain was also revised to 1.2 percent from a previous reading of 1 percent.
The October figure was significantly better than the 0.3 percent decline that economists predicted in a Reuters poll.
Destatis said good, for the third consecutive month, German factories received more orders than they had before the global financial crisis that began at the end of 2007.
Going into the report, the orders of companies within of Germany rose 0.4 percent, while international orders rose 0.5 percent. The international component was led by companies outside the euro zone, where orders rose by 1.6 percent, which offset a 1.2 percent decline in the currency bloc.
The data underscore Germany's strong economic performance this year driven by steady growth in many important business partners.
However, a wave of political conflicts that has threatened the government of Prime Minister Angela Merkel has caused some nervousness among corporate executives. A survey published on Tuesday indicated that future expectations of purchasing managers in the service sector were affected at the end of November after Merkel failed to forge a coalition government after a weak electoral performance in September.