In September 2016, domestic orders decreased by 1.1% and foreign orders decreased by 0.3% on the previous month. New orders from the euro area were down 4.5% on the previous month, while new orders from other countries increased by 2.5% compared to August 2016. In September 2016 the manufacturers of intermediate goods saw new orders rise by 0.5% compared with August 2016. The manufacturers of capital goods showed decreases of 1.6% on the previous month. For consumer goods, an increase in new orders of 0.5% was recorded.
Euro is currently being traded around 1.1060 level. Pair is likely to find support around 1.10 and resistance above 1.11 handle.
Last modified on Tuesday, 08 November 2016
