Germany's factory orders contract in August – TD Securities

Market news

7 October 2019

Germany's factory orders contract in August – TD Securities

Analysts at TD Securities note that German factory orders were weak, posting a 0.6% m/m contraction in August, driven by capital goods.

“The details showed some strength, with shipments suggesting we could see a much stronger than expected IP print tomorrow, potentially posting a gain of over 1% m/m in August.”

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