Carsten Brzeski, Chief Economist at ING, notes that Germany’s industrial orders increased by 0.3% month-on-month in September, from an upwardly revised 2.5% MoM in August. Key Quotes “On the year, industrial orders were still down by 2.2%. The increase was mainly driven by domestic orders and orders from other eurozone countries. Orders from non-eurozone countries dropped significantly.” “It is the first time this year that industrial orders increased in two consecutive months. In times when pessimism has the upper hand, this positive news from German industry brings some glimmers of hope. That said, just as we didn’t get carried away by the soft patch earlier this year, we won’t start celebrating monthly new orders data just yet.” “All in all, today’s industrial orders bring welcome relief in a period of increasing pessimism. Nothing more but fortunately also, nothing less.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD looks to gather traction above 1.1400 FX Street 4 years Carsten Brzeski, Chief Economist at ING, notes that Germany's industrial orders increased by 0.3% month-on-month in September, from an upwardly revised 2.5% MoM in August. Key Quotes "On the year, industrial orders were still down by 2.2%. The increase was mainly driven by domestic orders and orders from other eurozone countries. Orders from non-eurozone countries dropped significantly." "It is the first time this year that industrial orders increased in two consecutive months. In times when pessimism has the upper hand, this positive news from German industry brings some glimmers of hope. That said, just as we didn't get carried away… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
