GERMANY FACTORY ORDERS RISE BY 0.3% IN NOVEMBER VS. 1% EXPECTED
- Factory Orders in Germany rose at a softer pace than expected in November.
- EUR/USD stays in daily range at around 1.0950.
Factory Orders in Germany rose by 0.3% on a monthly basis in November, the Bundesbank reported on Monday. This reading followed the 3.8% contraction recorded in October and came in below the market expectation for an increase of 1%. On a yearly basis, Factory Orders declined by 4.4%.
Other data from Germany revealed that Imports and Exports expanded by 1.9% and 3.7%, respectively, on a monthly basis.
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