• +4.9% prev revised up from +4.6%
  • biggest drop since Aug 2009
  • yy -1.3% vs +2.6% exp vs +5.9% prev revised up from +4.9%

Euro has a little wobble on the weaker data but seems unfazed by and large

  • German ministry says figures are distorted by late school holidays
  • weak Eurozone growth and geo politcal concerns dampen order books
German factory orders Aug mm

German factory orders Aug mm

German factory orders Aug mm chart

German factory orders Aug mm chart