Germany Factory Orders Unexpectedly Jump Most in Three Years
- Demand increases by 7%, rebounding from March decline
- Economy is struggling to grow again after winter recession
German factory demand rose by 7% from May.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German factory orders unexpectedly jumped the most in three years in June, a sign that Europe’s largest economy is stabilizing.
Demand rose by 7% from May, defying all economist projections for a drop. The surprise increase was down to major orders, without which the data would have shown a 2.6% decline.