German Factory Orders Jump 3.1% in June, Surpassing Estimates

Germany's manufacturing sector gained momentum in June as factory orders rose by 3.1% over the month, according to official data published by the Federal Statistics Office on Thursday.

The increase beat estimates of a 0.3% rise and follows a 1.9% increase in May.

This positive trend could have implications for the Euro, as a strong economy is generally beneficial for the currency.