German factory orders worse-than-expected - TDS

Market news

5 July 2019

German factory orders worse-than-expected - TDS

Analysts at TD Securities note that the German factory orders were down -2.2% m/m in May, considerably worse than the -0.2% fall that markets were looking for.

“The fall in shipments wasn't quite as bad at -1.1%, consistent with a fall in IP of around -1.0% when it's released on Monday.”

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