Market Updates: German Factory Orders Slipped By -2.6% - Forex News by FX Leaders

Market Updates: German Factory Orders Slipped By -2.6%

Posted Friday, March 8, 2019 by
Arslan Butt • 1 min read

The Federal Statistical Office (Destatis) published that price-adjusted new orders in manufacturing fell in January 2019 by 2.6% on the previous month. For December 2018, major orders were reported subsequently.

Revision of the preliminary figures lead to an expansion of 0.9% for December 2018 vs. November 2018 (provisional: -1.6%).

Price-adjusted new orders without major orders in manufacturing had decreased in January 2019 a seasonally and calendar adjusted 2.5% on the previous month.

The EUR/USD is showing a muted response as investors await the following in 15 minutes:

  • French Industrial Production m/m
  • French Trade Balance
  • Italian Industrial Production m/m

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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