Euro zone April industry orders have come in at -1.0% m/m, -35.5% y/y, weaker than median forecasts of flat and -32.3% respectively. The year on year drop was a record.
The March data was revised upward, to -0.2% m/m from previous -0.8%, and -26.5% from previous -26.9%.
Grotty data doesn’t appear to have effected EUR/USD, which trades steadily around 1.3970, pretty much where we started off in Europe.
