Investing.com - German factory orders rose broadly in line with market expectations in December, easing worries over the impact of the euro zone’s debt crisis on the region’s largest economy, official data showed on Wednesday.
In a report, Deutsche Bundesbank said factory orders rose by a seasonally adjusted 0.8% in December, compared to expectations for a 0.9% increase.
Factory orders fell by 1.8% in November.
Year-over-year, German factory orders dropped at an annualized rate of 1.8% in December, compared to expectations for a 1.2% decline, after falling at a rate of 0.9% in November.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.3% to trade at 1.3541.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 fell 0.65%, France's CAC 40 declined 0.55%, London’s FTSE 100 eased up 0.35%, while Germany's DAX dipped 0.15%.
In a report, Deutsche Bundesbank said factory orders rose by a seasonally adjusted 0.8% in December, compared to expectations for a 0.9% increase.
Factory orders fell by 1.8% in November.
Year-over-year, German factory orders dropped at an annualized rate of 1.8% in December, compared to expectations for a 1.2% decline, after falling at a rate of 0.9% in November.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.3% to trade at 1.3541.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 fell 0.65%, France's CAC 40 declined 0.55%, London’s FTSE 100 eased up 0.35%, while Germany's DAX dipped 0.15%.