German factory orders soared in December

Source: Bloomberg
© scanpics/FP
German factory orders recovered and increased at a faster-than-expected pace in December, posting signs that Europe's biggest economy is recovering. Factory orders grew 4.2 % in December, much faster than economists' expectations for a 1.5 % increase. Meanwhile, in November, orders declined 2.4%, posting the same rate of losses as in October.

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