German November engineering orders rise by 5.0% yy in real terms

Author: Mike Paterson | Category: News

German engineering union VDMA out with the latest figures 11 Jan

  • domestic orders +3%
  • foreign orders +5%
  • demand from EZ +7.0%
  • Sept-Nov yy down 2% ( domestic demand +2%, foreign demand -4%)
  • production in engineering nearly stagnated in first 11 month with an increase of +0.1% yy

Not exactly a humdinger of a report sees EURUSD  unchanged at 1.0554 and EURGBP 0.8685

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