Indicators
German Factory Orders Rose Less Than Expected in November
- Demand jumps just 0.3%, economists’ median estimate was 1.1%
- Exports increase 3.7%, biggest gain in more than a year
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German factory orders rose much less than anticipated in November, a discouraging sign for Europe’s largest economy that is relying on its outsized manufacturing base to regain growth.
Monday’s data showed a 0.3% increase in demand — falling short of analysts’ expectations of a 1.1% gain. The uptick from October — which saw a 3.8% drop — was due to large orders, the statistics office said.