German Factory Orders jump 6.9% MoM in December vs. 2% expected
Source Fxstreet
The official data published by the Federal Statistics Office showed Thursday that Germany's Factory Orders rebounded firmly in December, suggesting that the country’s manufacturing sector is seeing a sharp turnaround.
Over the month, contracts for goods ‘Made in Germany’ jumped by 6.9% in December after tumbling by 5.2% in November. Data beat the estimates of a 2% print.
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