Carsten Brzeski, Chief Economist at ING, points out that after four consecutive drops and the worst performance since late-2012, German new orders finally showed some signs of life in May. Key Quotes “New orders increased by 2.6% MoM, from -2.5% MoM in April; the best performance since August last year. On the year, new orders were up by 4.4%, from 0.8% in April.” “The biggest driver of today’s increase were domestic orders (+4.3% MoM) and orders from other Eurozone countries (+6.7% MoM). Other foreign orders dropped by 1.3% MoM.” “After yesterday’s better-than-expected PMIs for June, these new orders data brings more positive news from the German economy.” “It will take until June before the economy will finally show its real face. Chances are gradually increasing that it will be a beautiful sight.” 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 Gold: Near term weakness, but outlook positive – NAB FX Street 3 years Carsten Brzeski, Chief Economist at ING, points out that after four consecutive drops and the worst performance since late-2012, German new orders finally showed some signs of life in May. Key Quotes "New orders increased by 2.6% MoM, from -2.5% MoM in April; the best performance since August last year. On the year, new orders were up by 4.4%, from 0.8% in April." "The biggest driver of today's increase were domestic orders (+4.3% MoM) and orders from other Eurozone countries (+6.7% MoM). Other foreign orders dropped by 1.3% MoM." "After yesterday's better-than-expected PMIs for June, these new orders data brings… Top 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.
