German Factory Orders Recover On Non-Eurozone Demand

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 arOriginal Article