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8/6, 8:04 AM (Source: TeleTrader)
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Germany factory orders soar 27.9% in June

Seasonally and price-adjusted new factory orders in Germany surged 27.9% in June compared to the month before, the country's Federal Statistical Office Destatis revealed in a report on Thursday. The number of new orders plunged 11.3% compared to the same month the previous year.

Foreign orders went up 22.0% in June, compared to the previous month, while the orders from the Eurozone increased by 22.3%, with 21.7% more orders from other countries than a month before.

Compared to May, the orders of capital goods saw a whopping 45.7% rise, while, in the same period, intermediate and consumer goods grew by 10.6% and 1.1%, respectively.

Breaking the News / BU