German Factory Orders jump 6.4% MoM in May vs. 1.5% expected Germany EconomicIndicator
German Factory output dropped 4.3% YoY in May vs. -9.9% previous.The German Factory Orders data showed an improvement in May, suggesting that the manufacturing sector recovery is finding its momentum.
On a yearly basis, Germany’s Industrial Orders arrived at -4.3% in the reported month, compared with -9.9% booked in April.The shared currency draws some support from the strong German factory data. At the time of writing, Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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