First rise in six months for German industrial orders

Frankfurt, Germany — German factory orders rose more strongly than expected in June, official data showed Tuesday, boosting hopes that a recovery in Europe's top economy could be gaining momentum. Orders in the country's crucial manufacturing sector rose 3.9% from a month earlier, according to federal statistics agency Destatis, an uptick that followed five consecutive months of falls. That was higher than an increase of 1% forecast by analysts surveyed by financial data firm FactSet. But the order data...