Demand for German goods rises

Note: This section contains information in English only.
Source: Bloomberg

Orders for German factories unexpectedly rose in May. Demand mainly came from Europe and an increase was equal to 0.6% compared to April indicators. Investment goods sales rose by 0.2%, whereas orders from EU jumped by 11%. Experts attributed an increase to active exporting and record low unemployment rate in Germany. Meanwhile  the ECB may cut interests rates on Thursday 04.07.2012 to stimulate lending and growth in the single currency are further.

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