Germany September factory orders report 7 Nov
- +0.9% prev revised down from +1.0%
- yy WDA +2.6% vs +3.5% exp vs +2.0% prev revised down from +2.1%
Not good news and a reality check for Germany and indeed the Eurozone
Euro pairs a tad lower but bigger fish to fry right now in the global picture. Keep this data in mind though. Plenty of talk out of Germany recently about better Q3/H2 growth and this isn't supporting that expectation.
