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

LON GMT
BJ HK+8
NY EST-5
TYO +9

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