Latest data released by Destatis - 6 September 2018

  • Prior -4.0%; revised to -3.9%
  • Factory orders WDA y/y -0.9% vs +1.9% expected
  • Prior -0.8%

Slight delay in the release by the source. Another dismal report for German factory activity. Certainly not an encouraging start to Q3 data and this will continue to weigh on economic growth.