March data now out for German factory orders 9 May
- -0.8% prev revised up from -1.2%
- domestic demand -1.3%, foreign demand +4.3% (+6.2% outside EZ)
- yy WDA +1.7% vs +0.1% exp vs +0.7% prev revised up from +0.5%
- Q1 orders +0.5%
- foreign demand +2%, domestic orders -1.3%
Economic ministry says:
Overall industrial orders had a solid start to the year. Despite the overcast foreign trade environment, German industry was able to post a noticeable increase in orders from above.
Biggest increase since June 2015 will be welcome news for Germany and ECB alike but euro not impressed with EURUSD dipping back below 1.1400 on general USD demand. EURGBP also lower at 0.7900. EURJPY 122.57
