Market Updates: German Factory Orders Slipped By -2.6%

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