German production orders rose for the second month in a row in June, the federal statistics bureau Destatis said on Thursday.
Production orders rose 27.9% in June on adjusted terms after a 10.4% increase in Many, according to Destatis. Economists surveyed by The Wall Street Journal expected orders to grow at a slower rate of 11% compared to the previous month.
On an annual basis, orders fell by 11.3%, adjusted for the calendar and price effect.
Despite the improvement, new orders in June were 11.3% lower in seasonally and calendar-adjusted terms than in February, a month before restrictions were imposed due to the coronavirus pandemic in Germany.
Domestic orders jumped 35.3%, while foreign orders rose 22.0% in June, Destatis said.
Due to the coronavirus crisis, factory orders and industrial production in April saw their biggest declines since the series began in January 1
Data on German industrial production for June are due to be published on Friday.
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