Market Updates: German Factory Orders Slipped By -2.6%
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