July 2015 German factory orders -1.4% vs -0.6% exp m/m

July 2015 German factory orders data report 4 September 2015

• Prior 2.0%. Revised to 1.8%
• -0.6% vs +0.4% exp WDA y/y. Prior 7.2%. Revised to 7.0%

Again we see decent domestic demand with manufacturing +4.1% vs -1.9% in June export orders fell 5.2% vs +4.4% prior m/m. On the split, Eurozone orders were up 2.2% while non-EZ was down 9.5%. That's another signal that activity is picking up within the Eurozone

German factory orders y/y