BERLIN (Reuters) – German industrial orders rose significantly more than expected in June due to large-scale orders in several sectors.
Incoming orders rose by 7.0% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Friday.
A Reuters poll of analysts had pointed to a drop of 2.0%.
Excluding large orders, industrial orders would have declined by 2.6% in June.
The statistics office also revised data for May to a 6.2% increase, down from 6.4% previously estimated. The two significant increases in May and June compensated for a March slump of 10.9%.
In the less volatile three-month comparison, new orders rose only 0.2% in the second quarter compared with the previous quarter.
The statistics office publishes more economic data on its website.
(Reporting by Maria Martinez, Writing by Friederike Heine, Editing by Miranda Murray)
