Investing.com – German factory orders rose more-than-expected in August, official data showed on Wednesday.
In a report, Deutsche Bundesbank said factory orders increased by a seasonally adjusted 3.4% in August, after falling by 1.6% in July, whose figure was revised down from 2.2%.
Economists had expected factory orders to rise by 0.9% in August.
The data showed that year-on-year, factory orders rose unexpectedly to 20.3% in August, compared to 17.7% in July.
Economists had expected year-on-year factory orders to fall to 17.2% in August.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD rising 0.25% to hit 1.3874.
In a report, Deutsche Bundesbank said factory orders increased by a seasonally adjusted 3.4% in August, after falling by 1.6% in July, whose figure was revised down from 2.2%.
Economists had expected factory orders to rise by 0.9% in August.
The data showed that year-on-year, factory orders rose unexpectedly to 20.3% in August, compared to 17.7% in July.
Economists had expected year-on-year factory orders to fall to 17.2% in August.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD rising 0.25% to hit 1.3874.