• Prior 3.8%
  • 2.0% vs 2.9% exp y/y. Prior 4.3%

Euro takes a dip to 1.3194 but is quickly bought up again to 1.3205

Foreign orders was the biggest faller -4.5% from +6.1% with EZ orders down 7.5% from +8.8%, non euro -2.6% from +4.5%.

EU orders fell in all categories implying that there is still weakness there despite the good data we are seeing elsewhere. There may be seasonal factors at play.

German Industrial orders 05 09 2013

German Industrial orders 05 09 2013