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Germany May factory orders +6.4% vs +1.2% m/m expected

돈되는 정보

  • Prior -0.4%; revised to +0.2%

Looking at the breakdown, domestic orders rose by 6.2% and foreign orders by 6.4%. The sharp increase is largely to do with large-scale orders, which may be a one-off, as the manufacture of other transport equipment was seen up by 137% compared to April. If you strip that out, industrial orders were only seen up by roughly 3.2% on the month.

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