What was the November industrial order growth for Germany?

German industrial orders grew by 5.6% in November compared to the previous month.

Were the German industrial orders higher than expected?

Yes, the 5.6% increase was unexpected, as analysts had predicted a 1% decline.

What drove the increase in German industrial orders?

The rise was primarily driven by large-scale orders, though smaller orders also contributed.

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German Industry Orders Surge Unexpectedly

8 Jan

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Summary

German industrial orders saw an unexpected rise in November.
New orders increased by 5.6% month-on-month, surpassing analyst predictions.
Excluding large-scale orders, the growth was a more modest 0.7%.

German Industry Orders Surge Unexpectedly

In a surprising turn of events, German industrial orders experienced an unexpected uptick in November. Official data revealed a significant 5.6% increase compared to the previous month, on a seasonally and calendar adjusted basis. This figure notably surpassed analyst predictions, which had anticipated a decline of 1%.

The robust growth was primarily fueled by the inclusion of large-scale orders. When these substantial orders were excluded, the data indicated a more modest, yet still positive, increase of 0.7% in new orders for November.

Looking at a broader trend, the comparison of new orders over a three-month period from September to November showed a 4.0% rise compared to the preceding three months. October also saw an upward revision, with orders increasing by 1.6% from September.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.