German Factory Orders slump 5.3% MoM in November vs. -0.2% expected Germany IndustrialProduction EconomicIndicator EURUSD
German Factory output plunged 11.0% YoY in November vs. -7.0% expected.The German Factory Orders plunged in November, suggesting that the manufacturing sector recovery has lost momentum.
On an annualized basis, Germany’s Industrial Orders arrived at -11.0% in the reported month vs. -7.0% expected and -3.2% previous.The shared currency stands resilient to the disappointing German factory data. At the time of writing, Information on these pages contains forward-looking statements that involve risks and uncertainties.
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