Meant to throw this in the earlier post with the British Industrial Production, but slipped up. I understand we don't need two European production data points in one morning, but here it is... ForexTV reports:
Tuesday, the Federal Ministry of Economics and Technology said German factory orders recorded a monthly growth of 4.4% in May, much larger than the expected increase of 0.5% and April's 0.1% rise.
Year-on-year, orders plummeted 29.4% in May, slower than the 37.1% decline seen in April. Domestic orders were down 25%, while foreign orders plunged 33%.
In the two month comparison, ordersincreased 4.2%. Domestic and foreign demand climbed 3.9% and 4.5%, respectively.Tuesday, the Federal Ministry of Economics and Technology said German factory orders recorded a monthly growth of 4.4% in May, much larger than the expected increase of 0.5% and April's 0.1% rise.
Source: destatis.de
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2 comments:
what about a graph with the absolute values, starting from may 2007?
Hey destatis.de is quite some site - did you play around with the little graphic simulation ? If you run it it's the most appalling thing I've seen. Hovers under the center for years and then just collapses. In human terms talk about the abyss.
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