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German factory orders rose in July

4 Sep 2020 01:08 PM

The German Federal Statistics Office has issued a provisional report stating that seasonally and price-adjusted new factory orders in Germany increased by 2.8% in July compared to June – when orders leapt a record amount as the country emerged from lock down. However, this was still a 7.3% fall compared to the same month in 2019.

Foreign orders increased in July by 14.4%, while domestic orders fell 10.2%. New orders from the Euro zone jumped 7.3%, while new orders from other countries rose by 19.2%.


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