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More solid gains for German factory orders

Jan. 07, 2016 4:49 AM ETEWG, GF, EWGS, FGM, DBGR, DXGE, HEWG, QDEU, DAXBy: Yoel Minkoff, SA News Editor
  • German factory orders staged a surprise surge in November, reinforcing the recovery being enjoyed by the the country's manufacturing industry after a strong PMI reading earlier this week.
  • Total orders, adjusted for seasonal swings and inflation, gained 1.5% from October, when they were up a revised 1.7%.
  • In a separate report, the Federal Statistics Office said German retail sales rose 0.2% compared to the previous month, when they declined a revised 0.1%.
  • ETFs: EWG, GF, DAX, DXGE, HEWG, DBGR, EWGS, FGM, QDEU

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