German factory orders rise less than expected in September

Economic Indicators Associated Press

German factory orders rose only slightly in September, failing to make up for a sharp drop the month before as had been hoped.

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The Federal Statistical Office said Thursday that orders rose 0.8 percent over August, following a revised 4.2 percent drop that month over July, according to figures adjusted for seasonal and calendar factors.

Foreign orders rose 3.7 percent, helping offset a 2.8 percent drop in domestic orders.

Following an economic contraction of 0.2 percent in the April-June period, analysts say Germany needs to post a strong rebound in September to avoid another drop in the third quarter, which would technically put Europe's largest economy in a recession.