MADRID, 6 Feb. (EUROPA PRESS) -

Factory orders in Germany registered an increase of 3.2% last December in relation to the previous month, when they decreased by 4.4%, thus exceeding the expectations of the market consensus and removing the fear that the 'locomotive Europe' goes into recession this winter.

According to data published by the German Federal Statistical Office (Destatis), orders from German factories experienced a decline of 10.1% compared to December 2021, although they were 1.2% above the registered level. in December 2019, before the start of the Covid-19 pandemic.

However, excluding large orders, the data for December registered a decrease of 0.6%, which means that the growth registered at the end of 2022 was mainly due to large orders, which were especially high in the manufacture of distribution apparatus. and electricity control, engine and turbine manufacturing, except aircraft, vehicle and motorcycle engines, and aircraft and spacecraft manufacturing and related machinery.

National orders registered an increase of 5.7% in December, while foreign orders increased by 1.2%. In this context, new orders from the euro zone increased by 9.8%, while orders from the rest of the world decreased by 3.8%.

While new orders in the capital goods sector were flat, orders for intermediate goods rose 9.7%. At the same time, new orders in the consumer goods sector decreased by 3.3%.