FXstreet.com (Barcelona) - Factor orders have beaten the experts forecasts in November with substantially higher than expected increases, which follows another good month in October, according to data released by Destatis.

Factory orders have increased 3.4% in November from October, in seasonally adjusted terms, an unexpected increase, since market experts had forecasted a 1.9% fall. November's increase follows a 4.0% monthly gain posted in October.

On the year, factory orders have increased 13.6%, sharply above market expectations of a 7.7% rise, which follows a 14.1% year-on-year increase posted in October, which has been revised up from the initially reported 14.0% rise.