- German Factory Orders unexpectedly rise 0.1% MoM in May
Notícias do Mercado
6 julho 2022
German Factory Orders unexpectedly rise 0.1% MoM in May
- German Factory Orders rose 0.1% MoM in May vs. -2.7% last.
- German Retail Sales arrived at -3.1% YoY in May vs. -6.2% previous.
- EUR/USD keeps range below 1.0250 on the German data.
The German Factory Orders rebounded in May, suggesting that the manufacturing sector downturn in Europe’s economic powerhouse is flattening.
Contracts for goods ‘Made in Germany’ jumped by 0.1% on the month vs. -0.6% expected and -2.7% last, the latest data published by the Federal Statistics Office showed on Wednesday.
On an annualized basis, Germany’s Industrial Orders arrived at -3.1% in the reported month vs. -6.2% previous.
FX implications
The shared currency remains unfazed by the upbeat German factory data.
At the time of writing, EUR/USD is down 0.21% on the day, trading at 1.0242.
O foco de mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerAbrir Conta Demo e Página Pessoal