German factory orders rise in June

By IBTimes Staff Reporter | August 05 2010 6:14 AM

German factory orders seasonally adjusted climbed to 3.2% in June, beating estimates of 1.4%, while May's reading was upwardly revised to -0.1% from the initial -0.5%. The non-seasonally annual reading also surged to 24.6 compared with the prior 24.8% which was revised to 25.1%, whereas forecasts referred to 21.6%.

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