Germany's factory orders expanded unexpectedly in July driven by the robust demand from non-euro area economies, data from Destatis revealed on Monday.Factory orders grew 3.4 percent on a monthly basis, confounding expectations for a decline of 1 percent. However, the pace of growth was weaker than June's revised expansion of 4.6 percent. New orders reached the highest level since the beginning of...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.