Germany factory orders April mm -2.0 vs -0.5% expected

Germany April factory orders 6 June 2016

• +2.6% prev revised up from +1.9%
• yy WDA -0.5% vs +0.6% exp vs +2.4% prev revised up from +1.7%

Softer headlines tempered a little by better revisions.

Economic ministry says:

• general trend increasing moderately
• weak start to Q2 mainly the result of volatile orders for capital goods from non-EZ countries