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Germany June industrial orders +7.0% vs -2.0% m/m expected

Prior +6.4%; revised to +6.2%That's back-to-back large increases in factory orders in Germany, but there is a big caveat to take note of. A big chunk of the rise in industrial orders in May and now June is stemming from remarkably large individual orders i.e. anything more than €50 million. This is again the main culprit and they can be rather volatile so it is hard to identify if it is a one-off or not. If you strip out large orders from the reading, industrial orders actually fell by 2.6% on t... Read More

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Germany

June

Industrial

Orders

Expected

Forex

Posted: Aug 4 2023, 06:00

Author Name: forexlive

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