German Factory Orders jump 8.9% MoM in December vs. 0% expected

Germany’s Factory Orders unexpectedly rebounded firmly in December, the official data published by the Federal Statistics Office showed Tuesday, suggesting that the German manufacturing sector recovery has regained momentum.

On a monthly basis, contracts for goods ‘Made in Germany’ jumped 8.9%, as against a 0% reported in November, beating the forecasts of no growth.

Germany’s Industrial Orders rose at an annual rate of 2.7% in the same period versus the previous drop of 4.7%.