empty
 
 

2024.01.0806:20:00UTC+00German Factory Orders Rise Less Than Forecast

Germany's factory orders rose less than expected in November, data from Destatis revealed on Monday.

Orders climbed 0.3 percent on a monthly basis in November, in contrast to the revised 3.8 percent decline in October. But the pace of expansion was weaker than the expected rate of 1.0 percent. On a yearly basis, new orders declined 4.4 percent after a 7.3 percent decrease.

The overall monthly growth was driven by the 1.4 percent rise in domestic orders. Meanwhile, foreign orders dropped 0.4 percent. Orders from the euro area slid 1.9 percent, while that from the rest of the world gained 0.6 percent.

Data showed that manufacturing turnover dropped 0.7 percent after a 0.2 percent fall in October.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback