RTTNews - Germany's factory orders rose more than expected in June, data released by the Federal Ministry of Economics and Technology showed Thursday.
Orders rose 4.5% month-on-month in June after an increase of 4.4% in May, while they were expected to rise only 0.6%. That was the fourth increase in a row.
The strong monthly increase was driven by foreign orders, which climbed 8.3% on a monthly basis. Domestic orders grew 0.2%, the ministry said.
Compared to the previous year, factory orders plunged 25.3% following a fall of 29.4% in May. Orders has been falling since May 2008.
For comments and feedback: contact email@example.com