Reuters
3 minute read
A steel worker of Germany s industrial conglomerate ThyssenKrupp AG, which holds its annual shareholders meeting on Friday, February 1, 2019, stands amid sparks of raw iron from a blast furnace at Germany s largest steel factory in Duisburg, Germany, January 28, 2019. REUTERS/Wolfgang Rattay
BERLIN, Aug 5 (Reuters) - German industrial orders rose more than expected in June, data showed on Thursday, driven by bookings for large industrial items, mainly from domestic clients.
The figures published by the Federal Statistics Office showed orders for goods Made in Germany jumped by 4.1% on the month in seasonally adjusted terms.
This easily beat a Reuters forecast of a 1.9% increase and followed a drop of 3.2% in May, revised from a drop of 3.7%.
German industrial orders bounce back, but supply bottlenecks weigh
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German industrial orders bounce back, but supply bottlenecks weigh
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Reuters, Berlin
Tue Jul 27, 2021 12:00 AM
The skyline with the financial district is photographed during sunset in Frankfurt, Germany as the spread of the coronavirus disease continues. Photo: REUTERS/FILE >
The skyline with the financial district is photographed during sunset in Frankfurt, Germany as the spread of the coronavirus disease continues. Photo: REUTERS/FILE
German business morale fell unexpectedly in July on continuing supply chain worries and amid rising coronavirus infections, a survey showed on Monday, the first decline since January.
The Ifo institute said its business climate index fell to 100.8 from a revised figure of 101.7 in June and versus a Reuters poll forecast of 102.1.