Aline Schuiling, senior economist at ABN AMRO, points out that the volume of orders received by Germany’s industrial sector continued to decline in August. Key Quotes “Total orders fell by 0.6% mom after they dropped by 2.1% in July. The weakness was concentrated in domestic orders (-2.6% mom in August), while foreign orders increased (orders from the eurozone rose by 1.5% mom and from non-eurozone countries by 0.4%).” “The monthly orders data is very volatile and the more stable 3 month-over-3 month growth rate shows that the weakness in orders is actually broadbased, across both geographies (domestic, eurozone and non-eurozone) and main product groups (consumer goods, capital goods and intermediate goods).” “All in all, the orders data confirm the weak picture already painted by the most recent manufacturing PMI and the Ifo industrial business climate indicator, which each fell in August and September, suggesting that the contraction in Germany’s industrial sector will continue in the second half of the year.” 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/JPY Technical Analysis: The 117.00 area offers strong support FX Street 3 years Aline Schuiling, senior economist at ABN AMRO, points out that the volume of orders received by Germany's industrial sector continued to decline in August. Key Quotes "Total orders fell by 0.6% mom after they dropped by 2.1% in July. The weakness was concentrated in domestic orders (-2.6% mom in August), while foreign orders increased (orders from the eurozone rose by 1.5% mom and from non-eurozone countries by 0.4%)." "The monthly orders data is very volatile and the more stable 3 month-over-3 month growth rate shows that the weakness in orders is actually broadbased, across both geographies (domestic, eurozone and non-eurozone)… 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.
