Germany: Annual Factory Orders decline accelerates in January against expectations

Year-over-year German Factory Orders fell 2.5% in January, down from the 1.9% drop in December, the Deutsche Bundesbank reported today. Market consensus pointed to a 1.6% increase.

On a monthly basis German Factory Orders slid steeply by 1.9% in January, compared with the 1.1% increase in December and against expectations of growing 0.5%.