Factory orders in Germany for the month of March increased 1.90% beating estimates of 0.70% and reversing the revised 0.80% decline from February, according to data released on Monday from the German statistics office Destatis. The strong 1.90% gains came with an increase in capital goods orders, which rose by 4.0% with a 1.60% increase in consumer goods on a month over month basis. The 1.90% rise in factory orders comes after orders slumped for two consecutive months previously. Non-euro export orders increased 6.20% but domestic orders fell 1.20% in March. On a year over year basis, German factory orders increased 1.70% much more than the 0.70% y/y growth seen in February.
China’s Inflation Remains at 2.30% in April
Daily Analysis - 10/05/2016