By Ed Frankl New orders at German factories rose more than expected in August, albeit far from fully recovering after plummeting orders in July, indicating a...
New orders at German factories rose more than expected in August, albeit far from fully recovering after plummeting orders in July, indicating a still-fragile environment in the country's manufacturing sector.
Manufacturing orders rose 3.9% on month in August, after diving 11.3% in the prior month, according to seasonally and calendar adjusted-data released Friday by the German statistics office Destatis. The reading was stronger than expectations of a 1.5% increase seen by economists in a poll by The Wall Street Journal.
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