Ger­man in­dus­trial or­ders in June beat ex­pec­ta­tions

Muscat Daily - - BUSINESS -

In­dus­trial or­ders in Ger­many sur­passed ex­pec­ta­tions in June, of­fi­cial data showed on Fri­day, adding to a raft of sunny in­di­ca­tors for Europe’s largest econ­omy.

There were one per cent more new con­tracts in June than in the pre­vi­ous month, federal statis­tics of­fice Des­tatis said in a state­ment cit­ing pro­vi­sional fig­ures and cor­rect­ing for sea­sonal ef­fects.

An­a­lysts sur­veyed by data com­pany Fac­tset pre­dicted growth of 0.5 per cent in June.

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