Latest data released by Destatis - 5 April 2018
- Prior m/m -3.9%
- Factory orders WDA y/y +3.5% vs +6.5% expected
- Prior y/y +8.2%
As highlighted before, the data is slightly delayed as the source changed the method in which they are releasing the data here.
A miss on the figures, not to the best of starts to 2018 to be honest. The data point can be a bit volatile at times, but either way a poor reading compared to expectations and prior isn't something good for sentiment.
