In October 2016, domestic orders increased by 6.3% and foreign orders by 3.9% on the previous month. New orders from the euro area remained unchanged from the previous month, while new orders from other countries increased by 6.3% compared to September 2016. In October 2016 the manufacturers of intermediate goods saw new orders rise by 1.8% compared with September 2016. The manufacturers of capital goods showed increases of 7.2% on the previous month. For consumer goods, an increase in new orders of 0.5% was recorded.
Euro is currently being traded 1.07 handle. Pair is likely to find support around 1.0650 area and resistance above 1.0750 level.
