German factory orders beat forecasts

By @ibtimes on

German factory orders seasonally adjusted rose 2.9% in January from the 3.4% drop reported in December which was revised to -3.6%, higher than forecasts of 2.5% advance. The annual non-seasonally-adjusted reading came in at 16.0% relative to the previous 19.7%, which was downwardly revised to 19.6%, and median forecasts of 15.6%.

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