finance
Germany Factory Orders Rise 1.9% in May
German factory orders increased 1.9% month-over-month in May, exceeding analyst expectations of 1.1%. The year-over-year working-day adjusted figure rose 6.2%.
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German factory orders increased 1.9% month-over-month in May, surpassing the 1.1% estimate and reversing the prior month's 3.8% decline. The working-day adjusted year-over-year measure rose 6.2%, above the 4.6% forecast and the previous 1.6% reading.
The month-over-month figure measures new orders received by manufacturers within Germany. The working-day adjusted series accounts for differences in the number of working days between periods. Both indicators are compiled from surveys of industrial firms and are released by the federal statistics office.
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