Economic Buzz: German Factory Orders Supported On Robust Domestic Demand

4 Feb 2022 , 01:22 PM

Germanys factory orders rose in December driven by robust domestic demand, data from Destatis revealed on Friday. Factory orders grew 2.8 percent on a monthly basis, but slower than the 3.6 percent expansion seen in November. On a yearly basis, growth in new orders accelerated to 5.5 percent from 2.3 percent in the previous month. Domestic orders were up 11.7 percent, while foreign orders dropped 3 percent from the previous month. Real manufacturing turnover was up 0.2 percent from November, when it grew by revised 4.3 percent

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