(Tiper Stock Exchange) – Industrial orders in Germany rebound more than expected in December. According to the National Statistics Office Destatis, there has been an increase in orders by 3.2% on a monthly basiswhile the consensus it was for more limited growth by 2% after -4.4% in the previous month (data revised from -5.3%).
Compared to the same month of the previous year the orders are still there down 10.1% against the previous -10.2%.
In detail, the orders domestic jumped 5.7% from the previous month, while those foreign recorded an increase of 1.2%.