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Destatis released its factory orders data for Germany on Thursday. German seasonal adjusted factory orders climbed 1.5% in November, exceeding expectations for a 0.1% increase, after a 1.7% rise in October. October's figure was revised up from a 1.8% gain.
The rise was driven by an increase in foreign and domestic orders. Foreign orders increased by 0.6% in November, while domestic orders rose by 2.6%.
New orders from the Eurozone declined 0.5% in November, while orders from other countries climbed 1.4%.
Orders of the intermediate goods increased by 4.8% in November, capital goods orders were down 0.1%, while consumer goods orders dropped 2.4%.
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