Germany Oct factory orders mm 0.5% vs -0.2% exp

Germany Oct factory orders report now out 6 Dec

• 1.0% prev
• yy WDA 6.9% vs 7.0% exp vs 9.5% prev
• consumer goods orders mm +0.6% (domestic +1.2%, foreign -1.9%)
• capital goods orders mm +0.9% (domestic +0.4%, foreign +1.6%)

Stronger mm vs softer yy, both with upward revisions, leaves EUR pairs unfazed

German econ ministry says data points to continuing upward trend for mftg sector.