German factory orders recover in MayStaff Writer | July 6, 2017
Germany's factory orders recovered on foreign demand in May, data from Destatis showed Thursday.
Germany Factory orders grew 1% month-on-month in May
Excluding major orders, new orders declined 0.3% from the previous month.
Domestic orders fell 1.9% from April, while foreign orders grew 3.1%. Orders from the euro area climbed 1.7% and orders from other countries advanced 4%.
Data showed that manufacturing turnover slid 0.1% on a monthly basis, following a 1.3% rise in April. ■