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Destatis released its factory orders data for Germany on Friday. German seasonal adjusted factory orders declined 0.7% in December, missing expectations for a 0.5% decrease, after a 1.5% rise in November.
The drop was driven by a decrease in domestic orders. Foreign orders increased by 0.6% in December, while domestic orders dropped by 2.5%.
New orders from the Eurozone declined 6.9% in December, while orders from other countries climbed 5.5%.
Orders of the intermediate goods decreased by 2.0% in December, capital goods orders were down 0.5%, while consumer goods orders climbed 4.3%.
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