Destatis released its factory orders data for Germany on Monday. German seasonal adjusted factory orders fell 0.2% in April, beating expectations for a 0.5% decrease, after a 2.6% rise in March. March's figure was revised up from a 1.9% increase.

The decline was driven by a drop in foreign orders. Foreign orders dropped by 4.3% in April, while domestic orders rose by 1.3%.

New orders from the Eurozone rose 2.5% in April, while orders from other countries slid 8.3%.

Orders of the intermediate goods increased by 4.8% in April, capital goods orders were down 6.1%, while consumer goods orders fell 1.0%.