Investing.com – German factory orders rose less-than-expected in October, official data showed on Tuesday.
In a report, Deutsche Bundesbank said factory orders increased by a seasonally adjusted 1.6% in October, after falling by 4.0% in September.
Economists had expected German factory orders to rise by 1.9% in October.
The data showed that year-on-year, German factory orders rose less-than-expected in October, increasing by 17.9%, after rising by 14.1% in September.
Economists had expected year-on-year factory orders to rise by 18.6% in October.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.39% to hit 1.3360.
Meanwhile, European stock markets were sharply higher. The EURO STOXX 50 soared 1.45%, France’s CAC 40 surged 1.80%, Germany's DAX jumped 1.06%, while the FTSE 100 added 0.99%.
In a report, Deutsche Bundesbank said factory orders increased by a seasonally adjusted 1.6% in October, after falling by 4.0% in September.
Economists had expected German factory orders to rise by 1.9% in October.
The data showed that year-on-year, German factory orders rose less-than-expected in October, increasing by 17.9%, after rising by 14.1% in September.
Economists had expected year-on-year factory orders to rise by 18.6% in October.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.39% to hit 1.3360.
Meanwhile, European stock markets were sharply higher. The EURO STOXX 50 soared 1.45%, France’s CAC 40 surged 1.80%, Germany's DAX jumped 1.06%, while the FTSE 100 added 0.99%.