Germany factory orders rose 5.5% mom in January well above expectation of 1.5% mom. It’s also the biggest monthly rise since July 2014. However, over the year, factory orders dropped -1.4% mom.
Looking at some details, domestic orders rose 1.3% mom while foreign orders rose 10.5% mom. New orders from Eurozone were up 15.1% mom. New orders from other countries rose 7.8% mom.
