Mumbai, Jan. 8 -- Germany's factory orders increased unexpectedly in November and at the quickest pace in almost a year, data released by Destatis showed on Thursday.
Factory orders climbed 5.6 percent on a monthly basis, following a revised 1.6 percent increase in October.
Moreover, this was the fastest growth since December 2024, when orders rose 5.8 percent.
Excluding large orders, new orders were 0.7 percent higher than in the previous month.
The positive development in November was attributable to significant increases in the manufacture of metal products by 25.3 percent and in other vehicle construction with an expansion of 12.3 percent, the agency revealed.
New orders for capital goods grew 7.9 percent, and demand for consumer g...