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6 Oct 2015
EUR: German factory orders disappointed – BBH
FXStreet (Delhi) – Research Team at BBH, note that the German factory orders came on the disappointing side as they plummeted by 1.8% in August in contrast to the market expectations of gain of 0.5%.
Key Quotes
“Adding insult to injury, the July series was revised to a 2.2% decline rather than a 1.4% fall. Domestic orders fell 2.6% in August. Foreign orders fell 1.2%, but this was mitigated by a strong 2.5% increase in orders from the eurozone. The euro eased less than a quarter of a cent on the news.”
Key Quotes
“Adding insult to injury, the July series was revised to a 2.2% decline rather than a 1.4% fall. Domestic orders fell 2.6% in August. Foreign orders fell 1.2%, but this was mitigated by a strong 2.5% increase in orders from the eurozone. The euro eased less than a quarter of a cent on the news.”