Germany's factory orders rebounded in June driven by strong demand from non-euro area economies, data from Destatis showed Tuesday.
Factory orders grew by a more-than-expected 2.5 percent on a monthly basis in June, offsetting a revised 2 percent drop in May. The expected pace of growth was 0.5 percent.
June's increase was driven by a 5 percent rise in foreign orders. New orders from the euro area were down 0.6 percent, while new orders from other countries grew 8.6 percent. On the other hand, domestic orders decreased 1 percent in June.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.