The European economic engine recovery signal is clear! Germany's factory orders in June exceeded expectations with a growth of 3.1%, driven by defense and infrastructure spending.

According to the Zhitong Finance APP, data released by the German Federal Statistical Office on Thursday shows that the manufacturing sector of the largest economy in Europe is sending out strong signals of recovery. In June, German factory orders increased by 3.1% month-on-month, significantly surpassing the economist forecast median of 0.5%, and even exceeding the most optimistic expectations in the Bloomberg survey. This marks the second consecutive month of growth in German factory orders.