German Industrial Orders Rise 2.0% in June

German industrial orders have increased despite global worries about economic turbulence in Greece and China.

The Federal Statistical Office said Thursday that orders in manufacturing in June increased by 2.0 percent from a small decrease of 0.3 percent in May.

Domestic orders dropped by 2.0 percent, while foreign orders went up by 4.8 percent. New orders from within the Eurozone were up by 2.3 percent; orders from other countries surged by 6.3 percent compared with May.

via Mainichi

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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