German Factory Orders Increase 6.5% Year-on-Year in June, Indicating Strong Demand

Germany's factory orders rose by 6.5% in June compared to the same month last year, an increase from a revised 6.2% annual gain in May, according to official data released today. This acceleration highlights the ongoing resilience of Europe’s largest industrial economy, despite facing challenges from elevated interest rates and a slowdown in global trade.
Germany's factory orders rose by 6.5% in June compared to the same month last year, an increase from a revised 6.2% annual gain in May, according to official data released today. This acceleration highlights the ongoing resilience of Europe’s largest industrial economy, despite facing challenges from elevated interest rates and a slowdown in global trade.
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