Germany's factory orders growth exceeded expectations in December underpinned by robust domestic demand, data from Destatis revealed on Friday.
Factory orders grew 2.8 percent on a monthly basis, but slower than the 3.6 percent expansion seen in November. Economists had forecast the growth rate to ease sharply to 0.5 percent. This was the second consecutive rise in orders. Excluding major orders, factory orders were up 2.9 percent.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.