Global Economies Looking Up

German exports rose 7% in June, the fastest pace in nearly three years, in the latest sign of recovery in Europe’s biggest economy, official figures show. The figures are the latest positive signal from the export-focused economy. At the same time, France reported that its trade deficit widened to around $5.6 billion in June, from around $4.9 in May.

In Japan, orders from manufacturing companies rose 14.6% in June after a 5.4% gain in May, Agence France-Presse reports. Japan’s core machinery orders rebounded 9.7% in June from a record low the previous month.

Orders from Japanese manufacturing companies rose 14.6% in June after a 5.4% gain in May, while orders from non-manufacturers were up 7.3% following a 6.9% fall the previous month.