German August factory orders report 6 Oct

  • +0.3% prev revised up from +0.2%
  • yy +2.1% vs +1.6% exp vs -0.6% prev revised up from -0.7%
  • consumer goods orders rise +2.9% mm

Better beat but euro unimpressed. Consumer goods rise notable but not reflected in Aug's retail sales data. Maybe next month.

EURUSD 1.1200 still as is EURGBP 0.8808 and EURJPY 115.95

German econ ministry say:

  • industrial orders weak so far this year but recently rebounded somewhat
  • economic data signal light uptick in industrial output in coming months