German Industrial Orders Bounce Back on Strong Foreign Demand

German Industrial Orders Bounce Back on Strong Foreign Demand
A worker connects the battery during the assembly of an e-Golf electric car at the new production line of the Transparent Factory of German carmaker Volkswagen in Dresden, Germany, on March 30, 2017. Fabrizio Bensch/Reuters
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BERLIN—Higher demand from abroad drove a bigger-than-expected rebound in German industrial orders in November, in rare good news for manufacturers suffering from supply bottlenecks and labor shortages in Europe’s largest economy.

Goods orders rose 3.7 percent on the month in seasonally adjusted terms after a revised drop of 5.8 percent in October, figures from the Federal Statistics Office showed on Thursday. A Reuters poll of analysts had pointed to a 2.1 percent rise.