Germany: Disappointing retail sales and factory orders - BBH

Germany reported disappointing November retail sales and factory orders notes analysts at BBH.  

Key Quotes

“The 1.8% decline in November retail sales was twice the decline the Bloomberg median forecast.  It gives back more of the  2.5% rise in October than expected.  Still, the 3.2% year-over-year pace is respectable.  Factory orders fell 2.5% in November, which is a little more than expected and follows a 5% rise in October. Germany reports industrial output figures next week, today's data suggests small risks to the downside.”