BREAKING: factory orders from Germany rebound due to the surge in large-scale orders📌

07:00 AM GMT, Germany - Durable Goods for December:

German Factory Orders: actual 6.9% MoM; forecast 1.9% MoM; previous -5.4% MoM;

The headline figure shows a rebound from November’s sharp drop, mainly due to a surge in large-scale orders for aircraft, ships, and military vehicles (+55.5%). However, overall incoming orders in 2024 remain 3.0% lower year-over-year after seasonal adjustments.

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BREAKING: factory orders from Germany rebound due to the surge in large-scale orders📌

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