FXstreet.com (Barcelona) - German factory orders have posted a 1.7% decrease in December from November, somewhat better than the 2.0% fall advanced by market analysts, according to data released by Destatis.

Year on year, factory orders have increased by 5.6%, well below the 11.1% increase forecasted by the experts. November's figures have been downwardly revised to a 3.0% monthly increase, down from the 3.4% previously released, and the year on year increase has been downsized to 13.1%, previously estimated 13.6%.

Capital goods was the largest negative contributor, posting a 2.7% fall, while foreign orders from non EU countries increased 0.8%, although orders from EU countries decreased 6.9%.