EMU DATA: June SA industrial new orders -0.7% m/m, +11.1% y/y
–EMU June industrial orders m/m below MNI median fcast (+0.4%)
–EMU May industrial orders unrevised m/m +3.6%
–EMU June orders ex-ships/rail/aerospace -3.0% m/m, +7.9% y/y
–EMU 2Q industrial orders +2.7% Q/Q; 1Q +3.9%; 4Q +2.2%
–EMU June orders 3m Aug (Apr-Jun:Mar-May) +0.9% after May +1.3%