Slight delay in the release by the source. The wild swings in this particular report are continuing after the near 6% revised surge in industrial orders in December. As the December reading was largely attributed to a sharp jump in incoming orders for other vehicle construction (aircraft, ships, trains, military vehicles), the January reading is the opposite with a 17.6% decline in that particular line. Often times, the large swings there are attributed to military orders or Airbus orders. So, those are the most likely culprits.
This article was written by Justin Low at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Germany January industrial orders -7.0% vs -2.8% m/m expected )
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