German Oct Mfg orders soar to +3.9% m/m

Author: Pete Jackson | Category: News

Author: Pete Jackson

Well above Reuters consensus of +0.9%.  (Domestic orders +0.4%, Foreign +6.7%)

September Mfg orders adjusted to -2.4% from a reported -3.3% m/m

October Consumer goods orders rose +2.1% m/m, intermediate goods orders rose 3.4%m/m, Capital goods |+4.5% m/m

German Econ Minister: Domestic firms are still holding back on orders,  but strong demand seen from abroad. Economic environment remains weak, with industrial production likely to be restrained in coming months