Germany factory orders Jan mm -0.1% vs -0.3% exp

Latest German factory orders data now out

• -0.2% prev revised up from -0.7%
• yy +1.1% vs 0.0% exp vs -2.2% prev revised up from -2.7%
• consumer goods orders mm+3.9%
• intermediate goods orders mm +1.7%
• capital goods orders mm +1.7%

Better than expected and better revisions but jury still out.

Economic ministry says recently lowered expectations in the sector signal only modest upswing. Foreign demand driving force in Dec-Jan shows high competitiveness of German industry.

Euro unfazed with EURUSD still flat-lined after Friday's fun n games.