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Germany’s factory orders rise more than expected in June

by ChemOrbis Editorial Team -
  • 06/08/2015 (11:55)
According to data released by Germany’s Official Statistical Office Destatis, the country’s factory orders rose more than expected in June to post an increase of 2.0% on a seasonally and working day adjusted basis following a revised decrease of 0.3% in the previous month. Economists’ initial estimates called for an increase of 0.3% on the month.

The data revealed that orders grew 2.2% on the month. Domestic orders fell 2.0% in June while export orders rose by 4.8%. New orders from the euro area rose 2.3% in June while new orders from other countries posted an increase of 6.3%.
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