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6 Aug 2015
German factory orders rise more than expected in June
FXStreet (Mumbai) - The Federal Statistical Office (Destatis) report on Wednesday showed price-adjusted new factory orders in June rose 2%, bettering the estimated rise to 0.2% from the downwardly revised 0.3% fall seen in May.
The official report showed, “ In June 2015, domestic orders decreased 2.0%, while foreign orders increased 4.8% on the previous month. As regards the direction of trade in foreign transactions, new orders from the euro area were up 2.3% on the previous month, new orders from other countries increased 6.3%.”
“In June 2015 the manufacturers of intermediate goods recorded decreases in new orders of 0.4% on the previous month while capital goods increased 3.7%. For consumer goods, a decrease in new orders of 0.6% was recorded.”
The 2% rise in factory orders in June is the second biggest monthly rise seen in 2015.
The official report showed, “ In June 2015, domestic orders decreased 2.0%, while foreign orders increased 4.8% on the previous month. As regards the direction of trade in foreign transactions, new orders from the euro area were up 2.3% on the previous month, new orders from other countries increased 6.3%.”
“In June 2015 the manufacturers of intermediate goods recorded decreases in new orders of 0.4% on the previous month while capital goods increased 3.7%. For consumer goods, a decrease in new orders of 0.6% was recorded.”
The 2% rise in factory orders in June is the second biggest monthly rise seen in 2015.