German Factory Orders jumps 3.2% MoM in December vs. 2.0% expected

  • German Factory Orders rebounded 3.2% MoM in December vs. 2.0% expected.
  • German Factory output slumped 10.1% YoY in December vs. -7.1% expected.
  • EUR/USD remains unfazed below 1.0800 following the mixed German data.

The German Factory Orders jumped more than expected in December, suggesting that the manufacturing sector activity is making a comeback.

According to the latest data published by the Federal Statistics Office showed on Monday, contracts for goods ‘Made in Germany’ came in at 3.2% on the month vs. 2.0% expected and -4.4% prior,

On an annualized basis, Germany’s Industrial Orders arrived at -10.1% in the reported month vs. -7.1% expected and -10.2% booked in November.

FX implications

The shared currency shows little to no reaction to the mixed German factory data.  At the time of writing, EUR/USD is down 0.06% on the day, trading at 1.0785.

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