German industrial orders rise but war, dry rivers cloud outlook
Industrial orders in Germany came in above expectations in June, the country's statistics office said on Aug. 6, but analysts warned that rivers running dry and the Mideast war could spell trouble.
Industrial orders, a measure of future business activity, rose 3.1 percent in June on the previous month, Destatis said, well above the one percent increase expected in an analyst poll by financial platform FactSet.
"The slight upturn in new orders is continuing," LBBW bank analyst Jens-Oliver Niklasch said.
"All-in-all it seems as if the economy is doing somewhat better than was recently expected."
