Wednesday, July 6, 2011

Factory orders in Germany...

....Europe's largest economy, unexpectedly increased in May, led by
domestic demand for investment goods such as machinery.

Orders, adjusted for seasonal swings and inflation, increased 1.8 percent from April, when they surged a revised 2.9 percent, the Economy Ministry in Berlin said in a statement today. Economists had forecast a drop of 0.5 percent, according to the median of 33 estimates in a Bloomberg News survey. In the year, orders rose 12.2 percent, when adjusted for work days

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