Latest data released by Destatis - 5 February 2018

  • Prior m/m -0.4%; revised to -0.1%
  • Factory orders y/y +7.2% vs +3.1% expected
  • Prior y/y +8.7%; revised to +9.1%

That's a huge beat on the figures for both the m/m and y/y readings.

As mentioned in the calendar preview, Germany is on an economic boom but that's still a big beat in the readings. The real challenge starts from here, as to whether or not the expansion can be sustained into 2018.