FXstreet.com (Barcelona) - Orders for goods manufactured in Germany have fallen for their fourth consecutive month in December, and a t a larger than expected extent on weakening demand from Euro Area countries, according to data released by German Statistics.
Factory orders have declined 6.9% from November to December while year on year orders fell 25.1%, figures beating the experts' expectations of a 2.5% monthly decline and a 24.5% year on year fall.
Figures for November have been revised up to a 5.3% monthly fall and a 26.6% year on year decline, from previously estimated -6% month on month and -27.2% year on year.
Foreign orders have been 9.4% lower than in November, with orders from the Euro Area plummeting 15.2% month on month. Domestic orders have decreased 4.3%.