German industry orders gain 0.5% in July

On Thursday, the Economy Ministry reported that German industrial orders grew by 0.5% on a seasonally adjusted basis, which is more than an expected 0.2% increase. Domestic bookings increased by 1.0%, while foreign ones grew by 0.1% despite a 0.6% drop in Eurozone orders. The figure for June was revised up from a 1.7% decrease to a more modest 1.6% decline.