wrapper

German Factory Orders down by 1.7%

Thursday, Nov 05 2015
Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing in September 2015 decreased a seasonally and working-day adjusted 1.7% on August 2015. 1.1% increase was forecasted. In August 2015, they decreased by 1.8% on July 2015, thus confirming the provisional result published in the previous month. 
 
In September 2015, domestic orders decreased 0.6% and foreign orders 2.4% on the previous month. As regards the direction of trade in foreign transactions, new orders from the euro area were down 6.7% on the previous month, new orders from other countries increased 0.7%.
 
In September 2015 the manufacturers of intermediate goods recorded increases in new orders of 0.4% while the manufacturers of capital goods show decreases of 2.9% on the previous month. For consumer goods, a decrease in new orders of 0.4% was recorded.
 
Euro is currently being traded around 1.0870 area. Pair is likely to find support around 1.0850 handle and resistance above 1.09 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release.
More in this category: « RBA ready to cut rates if neccessary Sterling down after BoE left interest rates unchanged »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.