Latest data now out

  • +1.7% prev revised down from +1.8%
  • yy WDA +2.1% vs +1.1% exp vs -1.6% prev revised down from -1.4%
  • capital goods orders mm -0.1%
  • industrial orders revised to +1.7% mm vs +1.8%
  • consumer goods mm -2.4% (domestic +3.7% foreign -6.7%

German econ ministry sees increasing signs of a subdued recovery in industrial demand after the Q3 decline

Also out German retail sales Nov:

  • mm +0.2% vs +0.5% exp vs -0.4% prev
  • yy +2.3% vs +3.7% exp vs +2.5% revised up from +2.1%

A mixed bag of data but the stronger factory orders and increased domestic demand helping put a small bid under the euro for the moment

EURUSD 1.0820 from 1.0815