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German Factory Orders beat market expectations

Thursday, Feb 05 2015
While analysts were predicting 1.4% increase, German Factory Orders went up by 4.2%. Domestic orders increased 3.4% and foreign orders by 4.8%. As regards the direction of trade in foreign transactions, new orders from the euro area were up 5.9% on the previous month, and new orders from other countries by 4.0%. 
 
The manufacturers of intermediate goods recorded increases in new orders of 2.8% and those of capital goods of 5.7%. For consumer goods, a decrease in orders of –0.6% was recorded.
 
Data did not have any major impact on the markets with euro currently being traded around 1.1380 level. Later today, in the US session Trade Balance and Unemployment Claims figures are scheduled for a release.
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