Latest data released by Destatis - 6 November 2018
- Prior +2.0%; revised to +2.5%
- Factory orders WDA -2.2% vs -2.8% y/y expected
- Prior -2.1%; revised to -1.8%
Slight delay in the release by the source. One of the rarer times that German data beat expectations as of late. A slight improvement on the month but the yearly estimate is still rather poor to be honest. However, as mentioned in the data preview, this is very much a lagging data point as this pertains to Q3 figures and we already had Eurozone Q3 growth figures released at the end of last month.
