Germany's factory orders grew unexpectedly at the end of the third quarter underpinned by foreign demand, official data from Destatis showed on Monday.
However, reinforcing fears of recession, Purchasing Managers' survey results suggested that the private sector contracted for the fourth straight month in October reflecting declines in both manufacturing production and services activity.
Data from Destatis showed that new orders climbed 0.2 percent on a monthly basis in September, confounding expectations for a fall of 1.0 percent. The statistical office revised down the August growth rate to 1.9 percent from 3.9 percent due to incorrectly reported data in the manufacture of computer, electronic and optical products' sector.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.