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flag German factory orders increased 3.9% in June, driven by aircraft, ships, trains, and automotive products.

flag German factory orders increased 3.9% in June, surpassing expectations and marking the first monthly growth since December 2023, according to the Federal Statistical Office. flag The rise was driven by significant gains in orders for aircraft, ships, trains, and automotive products. flag Domestic orders saw a 9.1% increase while foreign orders rose by just 0.4%. flag However, orders for computer, electronic, and optical products decreased by 7.9%. flag This positive development for the manufacturing sector followed a 1.6% decline in May.

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