ZCZC
BCN-11
GERMANY-INDUSTRY-INDICATOR-ORDERS
German industrial orders surge 27.9% in June
BERLIN, Aug 6, 2020 (BSS/AFP) – New orders for German manufacturing companies surged by 27.9 percent in June, official data showed Thursday, as a rebound which began in May accelerated following a deep slump sparked by the coronavirus pandemic.
Germany’s economy ministry said the upturn in orders “took a major step forward in June” but warned that any further recovery “will be slower” because foreign orders are lagging domestic demand.
BSS/AFP/MSY/1230 hrs