Germany April industrial orders +0.6% vs -1.0% m/m expected

• Prior +3.6%

That’s a modest beat and even if you exclude large orders, new orders were 0.3% higher than in the previous month. Looking at the breakdown, incoming orders for capital goods rose by 4.1% on the month. And that is slightly offset by declines in incoming orders for both intermediate goods (-3.4%) and consumer goods (-5.9%).

This article was written by Justin Low at www.forexlive.com.