German factory orders July mm +4.6% vs +1.5% exp

• -2.7% prev revised up from -3.2%
• yy WDA +4.9% vs +1.1% exp vs -2.0% revised up from -2.4%

Much better than expected data sees EURUSD leap to 1.3149 ( from 1.3143!)

• mftg orders mm+4.6%
• consumer goods orders mm -2.9%
• export orders mm+6.9%
• investment good orders mm+8.5%

German econ ministry says order trend positive even without bulk orders which are strongly above average

German factory orders mm