German factory orders rise in June

on August 04 2011 6:34 AM

German seasonally adjusted factory orders rose in June by 1.8% from the revised previous 1.5% from 1.8%, and higher than market expectations of -0.5%.

On a yearly basisthe Non-Seasonally adjusted indicator rose by 9.5% but lower than the revised previous 11.7% from 12.2%, while markets median estimate were set at 6.7%.

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