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German Factory Orders increased 2%

Thursday, Aug 06 2015
Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing in June 2015 increased a seasonally and working-day adjusted 2.0% on May 2015. Analysts were expecting 0.4% increase. In May 2015, the decrease on the previous month showed a corrected –0.3% (primary –0.2%). 
 
In June 2015, domestic orders decreased 2.0% while foreign orders increased 4.8% on the previous month. As regards the direction of trade in foreign transactions, new orders from the euro area were up 2.3% on the previous month, new orders from other countries increased 6.3%. 
 
In June 2015 the manufacturers of intermediate goods recorded decreases in new orders of 0.4% on the previous month while capital goods increased 3.7%. For consumer goods, a decrease in new orders of 0.6% was recorded. 
 
Euro is  currently being traded around 1.09 area. Pair is likely to find support at 1.0850 handle and resistance above 1.0950 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release.
More in this category: « Australian Unemployment Rate rose to 6.3% UK Industrial Production down by 0.4% »

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