DESTATIS said Thursday Germany's factory orders rose 3.1% MoM in June, beating
top analyst forecasts and following a downwardly revised 0.3% gain in May. It
was the second consecutive monthly increase. Gains were led by machinery and
data-processing, electronics and optical equipment. Growth was driven largely by
bulk orders; orders excluding bulk goods declined. The less-volatile three-month
smoothed series rose 1.3%.