German Factory Orders jump 0.8% MoM in October vs. -0.2% expected Germany IndustrialProduction EconomicIndicator EURUSD Industries
German Factory output decreased 3.2% YoY in October vs. -7.5% expected.The German Factory Orders surprised markets to the upside in October, suggesting that the manufacturing sector activity is staging a modest recovery.
On an annualized basis, Germany’s Industrial Orders arrived at -3.2% in the reported month vs. -7.5% expected and -10.8% previous.The shared currency remains unimpressed by the encouraging German factory data. At the time of writing, Information on these pages contains forward-looking statements that involve risks and uncertainties.
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