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The German factory orders rebounded in the month of March, easing fears over worsening economic situation in Europe’s largest economy.

Contracts for goods ‘Made in Germany’ arrived at +0.6% on the month vs. +1.5%  forecast  and -4.2% last, the latest data published by the Federal Statistics Office  showed on Tuesday.

On an annualized basis, Germany’s industrial orders fell 6.0% vs. -6.2% expectations and -8.4% last.