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06 Feb, 2024 08:01 06 Feb, 2024 08:31

German factory orders unexpectedly rise in December

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FrankfurtSharecast / Leonhard Niederwimmer via Pixabay

German factory orders unexpectedly rose in December, according to data released by Destatis on Tuesday.

Orders were up 8.9% on the month on a seasonally and calendar adjusted basis following a flat reading in November and versus expectations for them to be unchanged.

On the year, meanwhile, factory orders were 2.7% higher in December following a 4.7% decline the month before.

In 2023 as a whole, incoming orders fell by 5.9% on a calendar-adjusted basis compared to the previous year, Destatis said. However, other vehicle construction recorded growth - this includes, among other things, the construction of aircraft, ships and trains.


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.