German factory orders rise in May after 2 huge declines - News Summed Up

German factory orders rise in May after 2 huge declines


× Sign Up Today and Support Local Journalism Enjoy more articles from Beatrice's Most Trusted Information Source. Subscribers can log in for unlimited digital access Log in Sign up {{featured_button_text}}BERLIN (AP) — German factory orders recovered some ground in May, rising 10.4% compared with the previous month after huge drops in March and April at the height of Europe's coronavirus crisis. The figure reported Monday by the Economy Ministry followed declines of 15% in March and 26.2% in April. Orders from inside Germany were up 12.3%, but demand from countries outside the eurozone was up a relatively feeble 2%. The German economy, Europe’s biggest, went into a recession in the first quarter that is believed to have deepened in the just-concluded second quarter.


Source: Daily Sun July 06, 2020 06:22 UTC



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