German Industrial Orders Rose 0.8% in September

German industrial orders rose just 0.8 percent in September, falling well short of a consensus forecast in a blow to those expecting a rebound after August’s steep fall, and heightening concerns about the health of Europe’s largest economy.

September’s modest monthly rise compared with a Reuters consensus forecast for a 2.3 percent gain.

Bookings from abroad rose 3.7 percent while domestic orders fell 2.8 percent.

The data for August was revised to a 4.2 percent drop from a previously reported drop of 5.7 percent.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza