Forex
globalreutersJuly 4, 20241 Mins read
Germany May industrial orders -1.6% vs +0.5% m/m expected
globalreutersJuly 4, 20241 Mins read - Prior -0.2%; revised to -0.6%
That’s not a pretty number with a softer revision in April to boot. If you strip out large orders, incoming orders in May were down 2.2% relative to the month before. Looking at the details, the drop owes much to a decline in foreign orders (2.8%) while domestic orders were higher (+0.5%) on the month.
This article was written by Justin Low at www.forexlive.com.
Recent Posts
Categories
Related Articles
USD/JPY bounce from five week low on Trump tariff remark
Sheesh, I posted a 'precarious' horizontal support line .... link here ICYMI:And,...
CAD getting smashed on Trump tariff comments
Just out:Trump says thinking in terms of 25% tariffs on Mexico and...
Trump says thinking in terms of 25% tariffs on Mexico and Canada
Trump giving a bid to the USD after its huge slump since...
Trump rescinds Biden’s EV mandate – eyes on TSLA
On Monday, Trump rescinded a 2021 executive order issued by President Joe...
Leave a comment