Germany's Ministry of Economics and Technology released data on the 6th, after deducting inflation and seasonal factors, Germany's factory orders in June increased by 4.5% from the previous month, the third consecutive month, the chain increased, the highest level since June 2007, It is also much higher than the 0.6% expected by economists.
However, compared with the same period last year, factory orders data in June still fell sharply by 25.3%.
The data showed that Germany's factory orders increased in June, mainly due to an 8.3% increase in export orders, especially orders from other countries in the Eurozone increased significantly by 13.2%, while domestic orders rose by 0.2%.
Economists believe that Germany, the world's largest exporter, will fully benefit from the global economic recovery, and it is expected that the country's economy is expected to resume growth in the second half of the year.
However, compared with the same period last year, factory orders data in June still fell sharply by 25.3%.
The data showed that Germany's factory orders increased in June, mainly due to an 8.3% increase in export orders, especially orders from other countries in the Eurozone increased significantly by 13.2%, while domestic orders rose by 0.2%.
Economists believe that Germany, the world's largest exporter, will fully benefit from the global economic recovery, and it is expected that the country's economy is expected to resume growth in the second half of the year.
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