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Industrial orders still weak

German industrial orders rose just 0.8pc in September, falling well short of a consensus forecast in a blow to those expecting a rebound after August's steep fall, and heightening concerns about the health of Europe's largest economy.

Orders for the third quarter rose 0.1pc, paving the way for potentially disappointing third-quarter gross domestic product data due on November 14.

"These figures show things will be difficult for German industry in the winter months of the year," said VP Bank economist Thomas Gitzel.