Highlights
- German factory orders fall short of expectations, rising by 0.3% in November.
- However, German trade terms improved, offering hope of a short-lived euro area recession.
- Eurozone retail sales and economic sentiment figures are up next.
On Monday, the German economy was in the spotlight amidst rising expectations of a euro area recession.
German Factory Orders
German factory orders increased by 0.3% in November, partially reversing a 3.8% tumble in October. Economists forecast a 1.0% rise in factory orders.
German Trade
The German trade surplus widened from €17.7 billion to €20.4 billion in November. Economists forecast a trade surplus of €17.9 billion.
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