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Destatis released its factory orders data for Germany on Friday. German seasonal adjusted factory orders climbed 1.8% in October, exceeding expectations for a 1.2% increase, after a 0.7% fall in September. September's figure was revised up from a 1.7% drop.
The rise was driven by an increase in foreign and domestic orders. Foreign orders increased by 1.8% in October, while domestic orders rose by 1.7%.
New orders from the Eurozone jumped 2.7% in October, while orders from other countries climbed 1.4%.
Orders of the intermediate goods increased by 0.1% in October, capital goods orders were up 2.7%, while consumer goods orders soared 3.8%.
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