Germany May factory orders +10.4% vs +15.4% m/m expected

Latest data released by Destatis – 6 July 2020
– -25.8%; revised to -26.2%
– Factory orders -29.3% vs -24.0% y/y expected
– Prior -36.6%; revised to -36.9%
Slight delay in the release by the source. Industrial orders rebounded in May, though less than expected, as lockdown measures were eased across the country. That said, the annual reading