Germanys factory orders unexpectedly expanded in May underpinned by the rise in demand from the non-euro area countries, data from Destatis showed. New orders grew 0.1 percent month-on-month in May, in contrast to the revised 1.8 percent decline in April. On a yearly basis, factory orders declined 3.1 percent, slower than the Aprils 5.3 percent decrease. Foreign orders gained 1.3 percent on month driven by the 3.7 percent rise in demand from the non-euro area countries. Meanwhile, orders from the euro area fell 2.4 percent. At the same time, domestic orders registered a decrease of 1.5 percent on the previous month. Data showed that manufacturing turnover grew at a faster pace of 3.2 percent on month, following a revised 0.6 percent rise in April. On a yearly basis, manufacturing turnover was up 1.0 percent. Powered by Commodity Insights
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.