German industrial orders rise more than expected in July
Translated from German and summarized by DistantNews. Read the original for the full story.
At a glance
News
Documents & data
Context piece
- German industrial orders rose 2.5% in July from the previous month after seasonal and calendar adjustments, exceeding economists’ forecast of 0.3%.
- Destatis revised June’s increase up by 0.6 percentage points to 3.7%.
- The July rise came from large orders, with orders declining from June when those were excluded.
German industry secured more new orders than expected in July, but the headline increase depended on a wave of large contracts. Incoming orders rose 2.5% from June after seasonal and calendar adjustments, according to the Federal Statistical Office, Destatis.
Economists surveyed by Bloomberg had expected growth of just 0.3%. Destatis also revised its figure for June, raising the month-on-month increase by 0.6 percentage points to 3.7%.
The stronger July performance therefore came with a qualification: excluding large orders, incoming orders fell compared with June. The data showed a broad headline gain, but not an across-the-board improvement in demand for German industrial companies.
About this summary
Originally published by Der Standard in German. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
More Stories
From Our Blog
News in Translation: What Gets Lost, and How We Keep the Framing
Diaspora Media: How Communities Abroad Follow Home
Traveling Where the Press Is Not Free: How to Read the News There
The Digital Nomad's Guide to Local News
The Same Story, Different Countries: How Coverage Changes at the Border
