wrapper

German Factory Orders decreased by 0.1%

Monday, Mar 07 2016
Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in January 2016 a seasonally and working-day adjusted 0.1% on December 2015. Analysts were expecting 0.4% increase. For December 2015, revision of the preliminary outcome resulted in a decrease of 0.2% compared with November 2015, particularly due to the subsequent report of a major order (primary —0.7%). 
In January 2016, domestic orders decreased 1.6%, while foreign orders increased by 1.0% on the previous month. As regards the direction of trade in foreign transactions, new orders from the euro area were up 7.5% on the previous month, while new orders from other countries decreased 2.7%. In January 2016 the manufacturers of intermediate goods fell 4.0%, while the manufacturers of capital goods showed increases of 1.7% on the previous month. For consumer goods, an increase in new orders of 3.9% was recorded.
 
Euro is currently being traded few points above 1.0980 level. Pair is likely to find support around 1.0850 handle and resistance above 1.1050 level. There will be no major data releases later today.
More in this category: « Aussie gapped lower, but remains above 0.74 handle Sterling fell below 1.42 handle »

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.