Home / Market Update / German Factory Orders unexpectedly rise 0.1% MoM in May

German Factory Orders unexpectedly rise 0.1% MoM in May

The German Factory Orders rebounded in May, suggesting that the manufacturing sector downturn in Europe’s economic powerhouse is flattening. Contracts for goods ‘Made in Germany’ jumped by 0.1% on the month vs. -0.6% expected and -2.7% last, the latest data published by the Federal Statistics Office showed on Wednesday.

On an annualized basis, Germany’s Industrial Orders arrived at -3.1% in the reported month vs. -6.2% previous.

Check Also

Explainer: Key Factors Indicating US Economic Resilience Amid Tariff Concerns

The US economy is demonstrating resilience despite concerns over President Donald Trump’s tariff policies, with …