Germany October industrial orders -3.7% vs +0.2% m/m expected ...Middle East

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Germany October industrial orders -3.7% vs +0.2% m/m expected
source : forex live ( Middle East ) () 19
Prior +0.2%That's another volatile reading as there was a plunge in Germany's factory orders to start Q4. The statistics office notes that it is mostly due to the performance of the "manufacture of machinery and equipment" sector, where new orders declined by 13.5% after seasonal and calendar adjustment. That follows a 9.8% increase in new orders for said sector in September. Looking at the complete breakdown:Capital goods -6.0%Intermediate goods -1.4%Consumer goods +2.8% This article was written by Justin Low at www.forexlive.com.

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