May saw a 1.4% MoM decline in German factory orders, compared to an expected -0.1%.

According to official data released by the Federal Statistics Office on Friday, Germany's factory orders fell more than anticipated in May, indicating that the nation's manufacturing sector rebound lost steam.

After rising by a revised 1.6% in April, contracts for goods "Made in Germany" fell 1.4% in May. The data fell -0.1% short of the estimates.