Germany: Factory Orders rise by 2.8% in December vs. 0.5% expected

• Factory Orders in Germany rose at a stronger pace than expected in December.
• EUR/USD continues to trade in the positive territory above 1.1450.

The data published by Destatis showed on Friday that Factory Orders in Germany expanded by 2.8% on a monthly basis in December. This print came in better than the market expectation for an increase of 0.5%.

On a yearly basis, Factory Orders rose by 5.5%, compared to analysts' estimate of 2%.

Market reaction

These figures don't seem to be having a significant impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was up 0.15% on a daily basis at 1.1456.