Factory orders in Germany dropped by 11.8% in June on a yearly basis, the federal statistical authority Destatis revealed on Tuesday. In May, factory orders also fell by 8.7% year-on-year, Destatis' data showed. On a monthly basis, orders posted first increase after five-month negative term, up by 3.9%. "The positive development of new orders in manufacturing in June 2024 was mainly attributable to the substantial increase seen in the automotive ...