Germany: Factory Orders rise 2% in July

FXstreet.com (Barcelona) - On an annual basis German Factory Orders grew 2% in July, following a 5.6% increase in June, the Deutsche Bundesbank reported today. This result is lower than the projected 2.7% rise.

Month-over-month Factory orders dropped 2.7%, sharply down from the 5% increase and below forecasts of -1%.