Germany Factory Orders rise by 0.3% in November vs. 1% expected

• Factory Orders in Germany rose at a softer pace than expected in November.
• EUR/USD stays in daily range at around 1.0950.

Factory Orders in Germany rose by 0.3% on a monthly basis in November, the Bundesbank reported on Monday. This reading followed the 3.8% contraction recorded in October and came in below the market expectation for an increase of 1%. On a yearly basis, Factory Orders declined by 4.4%.

Other data from Germany revealed that Imports and Exports expanded by 1.9% and 3.7%, respectively, on a monthly basis.

Market reaction

These figures don’t seem to be having a noticeable impact on the Euro’s valuation in the European morning on Monday. At the time of press, EUR/USD was up 0.06% on the day at 1.0948.