German factory orders rose in June. This shows that the recovery of Europe’s largest economy is accelerating. Moreover, the scaling back of the corona restrictions has supported activity in all sectors.

The increase in orders was mainly due to domestic demand. In addition, the economic recovery is expected to pick up further, despite several bottlenecks that could put pressure on manufacturers’ supply.

As a result of the strong recovery from the crisis, there is a shortage of raw materials. In addition, delivery times are increasing rapidly.

German business confidence unexpectedly fell in July. In addition to concerns that supply disruptions could delay the recovery, there are also concerns about the rising number of infections with the Delta variant of the coronavirus.

According to the German central bank, the economy is on the verge of making up for the economic loss caused by the crisis. Industrial production is expected to rise 0.5 percent in June, and it was estimated the day before that figure was published.