Orders for German machinery were up 48 percent on the year in July, led by strong foreign demand, an industry group said Wednesday _ the latest healthy indicator from Europe's biggest economy.
Still, a separate report on retail sales disappointed expectations, underlining doubts about the strength of domestic demand as the government presses ahead with plans to save billions over the coming years.
The annual rise in machinery orders reported by the VDMA group was the latest in a string of increases that have underscored Germany's export-led rebound.
Orders from abroad were up 54 percent year-on-year in July while orders from inside Germany were up 38 …
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