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GERMAN FACTORY ORDERS JUMP 8.9% MOM IN DECEMBER VS. 0% EXPECTED

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Germany’s Factory Orders unexpectedly rebounded firmly in December, the official data published by the Federal Statistics Office showed Tuesday, suggesting that the German manufacturing sector recovery has regained momentum.

On a monthly basis, contracts for goods ‘Made in Germany’ jumped 8.9%, as against a 0% reported in November, beating the forecasts of no growth.

Germany’s Industrial Orders rose at an annual rate of 2.7% in the same period versus the previous drop of 4.7%.


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