German Factory Orders Rose 4.6% in July

The strongest monthly rise in German industrial output in over a year is an ‘encouraging signal’ for the economy, Germany’s statistics agency has said.

German industrial output rose 4.6% in July despite concerns over the Ukraine crisis, Destatis said.

The economy ministry figure was much higher than many economists had forecast, and comes after a 2.7% fall in output in June.

Foreign orders made up the bulk of the rise in demand, the ministry added

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza