Germany Factory Orders s.a. (MoM) registered at -3.7%, below expectations (5%) in May

Jul 6, 2021

Germany Factory Orders n.s.a. (YoY) below expectations (75.4%) in May: Actual (54.3%)

German Factory Orders unexpectedly drop -3.7% MoM in May, EUR/USD unfazed

The German Factory Orders unexpectedly fell in May, suggesting that the manufacturing sector in Europe’s economic powerhouse is still in the doldrums.