Germany's factory orders recovered at the end of the year 2022, but the rebound was driven by a huge growth in the big-ticket orders, suggesting a weaker contribution to the economic growth going forward.
Factory orders grew 3.2 percent on a monthly basis in December, partially offsetting the revised 4.4 percent decline in November, data published by the statistical office Destatis revealed Monday. Orders were forecast to climb moderately by 2.0 percent.
Excluding large-scale orders, there was a 0.6 percent fall in manufacturing orders, data showed.
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by Renju Jaya
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