Domestic orders -4%

  • orders from non-eu countries +1.0%
  • eu countries orders -6% yy

German engineering union VDMA reporting with chief economist Ralph Weichers adding

"German engineering companies are still waiting for a breakthrough.. we expect that in the course of 2015 and we will gradually et close to our growth forecast of 2% in production"

Greece is not a big market for us. They rank only 54th with exports worth €360m pa"

EURUSD still clinging onto 1.1100