Latest data released by Destatis — 8 March 2018
- Prior m/m +3.8%; revised to +3.0%
- Factory orders WDA y/y +8.2% vs +11.5% expected
- Prior y/y +7.2%; revised to +7.9%
A bigger than expected drop to start the year, and a slightly poorer growth year-on-year compared to estimates.
It’s better than prior figures, but compared to expectations the figures are rather subdued. The data point can be a little volatile at times but +8.2% y/y is still relatively solid to be fair.
EUR/USD now at 1.2396, near the lows of the day. EUR/GBP at 0.8923 and EUR/CHF at 1.1693 also near the lows on the day.