GERMANY DATA: German industrial orders surprised to..

GERMANY DATA: German industrial orders surprised to the downside in
October, rising by a seasonally-adjusted 1.6% on the month compared to
the +1.8% generally expected, widening the annual increase to 17.9%, the
Economics Ministry reported on Tuesday.
— Germany September mfg orders unrevised m/m at -4.0%
— Germany October orders 3-month moving avg (August-October:July-
September) +0.3%
— Germany October mfg orders flat vs 3q avg, 3q +1.7% q/q, 2q +7.5%
— Germany October domestic mfg orders +2.4% m/m, foreign +0.8% m/m
— Germany October foreign mfg orders: EMU -0.9% m/m, non-EMU +2.0%
— Germany October capital goods orders +1.3% m/m
— Germany October consumer goods orders +2.4% m/m
— Germany October basic goods orders +1.6% m/m
— For more information, see MNI’s MainWire