3.1%: Germany Factory Orders climb in June, beating estimates
Germany's Factory Orders rose in June, suggesting that the country’s manufacturing sector activity gained momentum, according to the official data published by the Federal Statistics Office on Thursday.
Germany's factory orders climbed in June, indicating an increase in manufacturing sector activity, according to official data released by the Federal Statistics Office on Thursday. Contracts for goods 'Made in Germany' increased by 3.1% in June, up from the revised 0.3% rise in May. This figure surpassed the estimated 0.3% growth.
Over the year, factory orders rose by 6.5% in June, compared to the previous year's rise of 4.5% (previously reported as 6.2%). The Euro (EUR) experienced a slight boost following the positive Germany's Factory Orders data. As of the time of writing, the EUR/USD pair traded 0.02% lower, nearing 1.1550.
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