Germany's factory orders logged a much faster than expected growth in May driven by the surge in demand for volatile 'other transport equipments', official data revealed Thursday.
Elsewhere, a private survey showed that the German construction sector contracted the most since February 2021 as higher interest rates and economic uncertainty weighed on demand.
Factory orders advanced 6.4 percent on a monthly basis in May, following a 0.2 percent rise in April, Destatis reported. Orders were expected to grow 1.5 percent after April's initially estimated 0.4 percent drop.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.