German factory orders rise 2.5% in July as recovery persists
German factory orders in July rose 2.5% month-on-month, extending a third straight month of gains. The data points to a tentative industrial recovery despite surging energy prices and ongoing Middle East conflict.
By Ed FranklManufacturing orders in Germany climbed again in July, another signal of the country's tentative industrial recovery that is defying the impact of surging energy prices as the conflict in the Middle East persists.Factory orders in the eurozone's largest economy rose 2.5% on month, follo…