Germany's factory orders increased unexpectedly in November and at the quickest pace in almost a year, data released by Destatis showed on Thursday.
Factory orders climbed 5.6 percent on a monthly basis, following a revised 1.6 percent increase in October. This was in contrast to the anticipated decrease of 1.0 percent.
Moreover, this was the fastest growth since December 2024, when orders rose 5.8 percent.
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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.