-- German factory orders rebounded partially in August, a sign that the country’s crucial manufacturing sector may be stabilizing as it suffers from a global economic slowdown and higher interest rates.Demand increased 3.9%, more than economists had estimated in a Bloomberg survey. Friday’s data come after a revised 11.3% drop the previous month that was largely due to major orders.
Exports dropped by 1.2% in August, more than economists had anticipated, figures released Thursday showed. The Bundesbank has said output may have fallen again in the third quarter, though economists expect a rebound next year on the back of rising wages and slower inflation. Still, she expressed hope that the Europe’s largest economy will be able to overcome its current struggles, as it did previously.“Germany managed to transform itself in the past and I am convinced that it will be able to do so today,” she said. “The green transition offers Germany great opportunities to regain its technological leadership.