Latest data released by Destatis - 6 December 2018
- Prior +0.3%; revised to +0.1%
- Factory orders WDA -2.7% vs -3.1% y/y expected
- Prior -2.2%; revised to -2.6%
Slight delay in the release by the source. A better-than-expected reading here and that will ease some pressures of deteriorating factory activity in Q4. However, the yearly estimate remains rather weak and shows that the slight improvement here isn't really all that is made out to be. Unless further economic data points to more recovery, it's hard to see Q4 being anything but sluggish for the German economy still.
