Surprise Of The Day: Germany Manufacturing Orders Fell 2.2% In July

It’s a slow day both in terms of data scheduled to be released and in terms of trading. The bias is negative.

Surprise of the day is 2.2% fall in German manufacturing orders for July. The consensus was at 0.5%, June reading at 3.2%. Given the recent strength in German economy, this comes as a quite big negative surprise.

Chart 1. Germany Manufacturing Orders Monthly Change SA

Source: Bloomberg

This entry was posted on Tuesday, September 7th, 2010 at 5:04 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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