- Analytics
- News and Tools
- Market News
- German Factory Orders rise 0.2% MoM in September vs. -1.0% expected
German Factory Orders rise 0.2% MoM in September vs. -1.0% expected
Germany’s Factory Orders unexpectedly rose in September, the official data published by the Federal Statistics Office showed Monday, suggesting that the German manufacturing sector is holding its recovery momentum.
On a monthly basis, contracts for goods ‘Made in Germany’ rose 0.2%, compared with a 3.9% increase reported in August while beating the market forecasts of a 1.0% decline.
Germany’s Industrial Orders dropped at an annual rate of 4.3% in the reported month, as against the previous slump of 6.3%.
FX implications
The upbeat German data is helping Euro bulls regain further ground, with the EUR/USD pair nearing 1.0750, up 0.10% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
