Factory orders fell 1.9% monthly in Germany during the month of December, worsening the expected 1% decline. The indicator thus breaks a streak of seven consecutive months of rises. In November, orders grew 2.7% (figure revised up from 2.3%).
To level y-o-y, the indicator grew 6.4% in December, exceeding the estimated 4.1%, but below the 6.7% increase in November (revised up from 6.3%). This is the third consecutive month of increases for orders.
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