GERMANY DATA: Germany May real sa manufacturing orders +1.8% m/m
— May orders m/m above all fcasts (median -0.5%)
— Apr mfg orders revised up to +2.9% m/m (+2.8%)
— May orders 3-month moving avg (Mar-May:Feb-Apr) +0.6%
— Apr+May avg mfg orders +2.5% vs 1Q avg, 1Q +2.4% q/q
— May domestic mfg orders +11.3% m/m, foreign -5.8% m/m
— May foreign mfg orders: emu -5.4% m/m, non-emu -6.1%
— May capital goods orders +2.4% m/m
— May consumer goods orders -1.5% m/m
— May basic goods orders +1.6% m/m