German industrial orders rise 5.6% in November driven by large-scale orders.

Germany's industrial orders increased 5.6% month-on-month in November, the federal statistics office said; excluding large-scale orders, new orders were 0.7% higher.

German industrial orders rose unexpectedly in November, official data released on Thursday showed. The federal statistics office reported a seasonally and calendar adjusted increase of 5.6% from the previous month. The rise was driven largely by large-scale orders, while measures that exclude those large orders showed smaller gains. A Reuters poll of analysts had pointed to a 1% decline for the month. Key figures: - Industrial orders rose 5.6% month-on-month on a seasonally and calendar adjusted basis. - Excluding large-scale orders, new orders were 0.7% higher in November compared with October. - The three-month on three-month comparison (September to November versus the previous three months) showed new orders up 4.0%. - New orders in October were revised to a 1.6% increase on September, above the provisional 1.5% figure. - A Reuters poll of analysts had forecast a 1% decline for November. Summary: The data shows a notable monthly increase that was concentrated in large-scale contracts, while underlying orders outside those large deals rose more modestly. How this pattern will develop in coming months was not indicated by the statistics office. Undetermined at this time.