Latest data released by Destatis - 8 January 2018
- Prior m/m +0.5%; revised to +0.7%
- Factory orders y/y +8.7% vs +7.8% expected
- Prior y/y +6.9%
As mentioned earlier, the data points are delayed as they Destatis has changed the way they are releasing economic data from 5 January onwards. I mentioned more on that here.
Update (0712 GMT): The WDA y/y figures are just released now.
Some other figures released:
- Capital goods orders fall 2.3% m/m (prior +0.9%)
- Consumer goods orders rose 3.2% m/m (prior +0.6%)
A slowdown in November figures, but gained more on the year as compared to 2017. No surprises there, since Germany is on an economic boom right now - but a slight slowdown here doesn't bode too well for wage pressures to build higher in Europe. We'll have to see if the slowdown continues into 2018.
EUR/USD trading near session lows at 1.2011 now as dollar strength intensifies.
