German manufacturing on the upswing with help from eurozone

08/6/2013 | Reuters

German manufacturing orders rose 3.8% in June, buoyed in part by rising demand within the eurozone. "That's a really strong increase and suggests the eurozone and Germany are on the road to recovery. ... The economy in the single-currency bloc probably exited its recession in the second quarter, and we will see a gradual economic recovery in the second half," said Thilo Heidrich, an economist at Postbank.

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