German Factory Orders unexpectedly rise 0.1% MoM in May

• German Factory Orders rose 0.1% MoM in May vs. -2.7% last.

The German Factory Orders rebounded in May, suggesting that the manufacturing sector downturn in Europe’s economic powerhouse is flattening.

Contracts for goods ‘Made in Germany’ jumped by 0.1% on the month vs. -0.6% expected and -2.7% last, the latest data published by the Federal Statistics Office showed on Wednesday.