service sector firms' confidence as energy prices continued to moderate and concerns over a recession ahead eased. The European Commission said Friday that its economic sentiment indicator--an aggregate measure of business and consumer confidence--increased to 95.8 in December from a revised 94.0 in November, beating the 94.5 consensus forecast from economists polled by The Wall Street Journal. (DJN) New orders at German factories declined sharply in November to their lowest level in more than two years, a sign of weakening demand for the country's key manufacturing sector as the economy cools. Factory orders fell 5.3% on month in November, swinging from a 0.6% rise in October, according to price-adjusted data from the German statistics office Destatis released Friday. New orders declined in eight of the 11 months up to November, and currently stand at their lowest level since July 2020. Economists polled by The Wall Street Journal expected orders to decline 0.6%. (DJN) U.K. retail store footfall in December reached its highest level since the start of the coronavirus pandemic, despite inflation, rail disruption and wintry weather, as postal strikes pushed Christmas shoppers toward bricks-and-mortar shops. (DJN)
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-06-23 0715ET
