Latest data released by Destatis - 8 March 2019
- Prior -1.6%; revised to +0.9%
- Factory orders WDA -3.9% vs -3.2% y/y expected
- Prior -7.0%; revised to -4.5%
Slight delay in the release by the source. The hard data confirms that German factory activity is seen slumping still in January. The good news for the euro is that this is rather lagging as a lot of the Q1 negativity has already been priced in following slumps seen in PMI survey data for January and February.
EUR/USD holds steady at 1.1206 currently, EUR/GBP sits near unchanged levels at 0.8556.
