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German factory orders increase again
German factory orders rose by 2.5% in July on a monthly basis, surpassing expectations for the third consecutive month, indicating a speeding up of the recovery in Europe's largest economy. The increase was supported by higher demand for durable goods such as trains, airplanes, and ships, while orders in the auto sector declined. The data reflect the beginning of an economic rebound in Germany after periods of weak performance, with improvements in exports and investments focused on artificial intelligence and infrastructure upgrades, despite risks from Chinese competition, internal disputes, and expectations of persistent inflationary pressures.
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