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Destatis released its factory orders data for Germany on Thursday. German seasonal adjusted factory orders climbed 2.0% in June, beating expectations for a 0.2% gain, after a 0.3% decline in May. May's figure was revised down from a 0.2% fall.
The increase was driven by rises in new orders from the Eurozone and from other countries. New orders from the Eurozone rose 2.3% in June, while orders from other countries increased 6.3%.
Foreign orders climbed by 4.8% in June, while domestic orders decreased by 2.0%.
Orders of the intermediate goods fell by 0.2% in June, capital goods orders were up 3.7%, while consumer goods orders decreased 0.6%.
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