German factory orders Feb mm -0.9% vs +1.5% exp

• -2.6% prev revised up from -3.9% prev
• yy -1.3% vs +0.5% exp vs -0.3% prev revised down from -0.1%

EURUSD a tad lower at 1.0843 but still unfazed by the weaker headline. Better revision though tempering losses

• econ ministry says orders have had subdued start to the year, notably large orders down
• overall the basic trend in industry should continue moderately upwards

Update: 07.35 GMT Markit Construction PMI March 53.3 vs 53.1 prev