German Factory Orders soar

FXstreet.com (Barcelona) – The German Federal Ministry of Economics and Technology reported November’s Factory Orders climbed 5.2% over the previous month and 20.6% over the same month of last year.

Factory Orders were expected to rise only 0.9%, slowing from the previous month’s 1.6%, whereas annually they were forecasted to improve by 15.8%, climbing over the previous reading at 14.2%.

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