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Commodity Mid Session News

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(06 Feb 2025, 13:11)

Economic Buzz: German factory orders jump 6.9% in December


Germany’s factory orders surged 6.9% month-over-month in December 2024, rebounding from a 5.2% drop in November. The increase, the strongest in three months, was driven by a 55.5% rise in large-scale orders for aircraft, ships, and trains, along with an 8.6% boost in machinery. Capital goods orders rose 10.9%, while auto sector demand fell 3.2%. Domestic orders soared 14.6%, while foreign demand edged up 1.4%. Excluding large orders, new orders increased 2.2%. However, orders fell 3.0% for the full year.
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