(MENAFN) Analysts said that the German economy is showing signs of recovery and may exist recession on a strong rise in factory orders, Arab News reported.
Data showed that German industrial orders rose 2.5 percent in October compared with the previous month, after already rising by 1.1 percent in September.
German central bank or Bundesbank slashed its growth forecasts for 2014, 2015 and 2016 earlier, it too said the economy remains in "remarkably good shape."
"This was a good start to the fourth quarter. Alongside a brightening of sentiment indicators, the signals are looking increasingly positive," the Economy Ministry said.
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