German factory orders grew the most in two years in December, driven by the surge in large-scale orders, official data revealed Thursday.
Factory orders advanced unexpectedly by 7.8 percent from November, Destatis reported. This was the biggest growth since December 2023 and confounded expectations for a fall of 1.8 percent.
The statistical office revised up November's growth to 5.7 percent from 5.6 percent. Excluding large-scale orders, new orders were only 0.9 percent higher than in the previous month in December, data showed.
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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.