German Factory Orders Rose in July as Domestic Demand Rebounded
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German factory orders increased in July as domestic demand for investment goods such as machines helped offset a decline in sales to fellow euro-area countries.
Orders, adjusted for seasonal swings and inflation, gained 0.5 percent from June, when they fell a revised 1.6 percent, the Economy Ministry in Berlin said today. Economists forecast a 0.3 percent increase, according to the median of 38 estimates in a Bloomberg News survey. From a year earlier, orders dropped 4.5 percent when adjusted for work days.