Germany: Factory Orders drop more than expected in December

On an annual basis German Factory Orders n.s.a. fell for the 12th running month by 1.8% in December, following -1% the previous month, according to data released today by the Deutsche Bundesbank. Analysts expected less decline of 1.2%.

Month-over-month Factory Orders s.a. grew 0.8%, compared with the 1.8% decrease registered the previous month and almost in line with expectations of +0.9%.