Germany July factory orders data now out 6 Sept
- 0.9% prev revised down from 1.0%
- yy WDA 5.0% vs 5.8% exp vs 5.1% prev
- consumer goods orders mm -3%
- export orders unchanged
- investment goods orders mm -0.7%
- capital goods orders mm -0.7% ( domestic -5.1%, foreign +2.2%)
German Factory Orders measures the change in the total value of new purchase orders placed with manufacturers for both durable and non-durable goods. It is a leading indicator of production
Soggy mm headline but steady positive yy trend leaves EURUSD around 1.1925 and EURGBP 0.9145
German econ ministry says they see solid mftg recovery continuing.
