Germany Factory Orders Jump as Economy Shakes Off Recession
- Non-conventional vehicle manufacturers see 137% order jump
- Industry is still languishing amid weak global demand
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German factory orders rebounded in May, a sign the manufacturing slump may be easing as Europe’s biggest economy shakes off a recession.
Demand increased 6.4% from April, much more than the 1% gain economists had predicted in a Bloomberg survey, with increases seen both domestically and abroad. Overall orders are still down 4.3% from a year earlier.