German Factory Orders Rise For Fifth Month In July

Sponsored Links

German Factory orders rose for the fifth consecutive month in July, though the pace of growth sightly eased from June.

Monday, Germany's Federal Ministry of Economics and Technology said factory orders rose 3.5% month-on-month in July after an increase of 3.8% in June, which was revised down from 4.5% rise reported previously. Economists had forecast growth to ease to 2% in July.

Compared to the previous year, factory orders fell 19.8% in July following a revised fall of 25.2% in the previous month. Orders have been falling since May 2008 on an annual basis.

German Factory orders rose for the fifth consecutive month in July, though the pace of growth sightly eased from June. (Market News Provided by RTTNews)