Germany May factory orders +6.4% vs +1.2% m/m expected

<ul><li>Prior -0.4%; revised to +0.2%</li></ul><p>Looking at the breakdown, domestic orders rose by 6.2% and foreign orders by 6.4%. The sharp increase is largely to do with large-scale orders, which may be a one-off, as the manufacture of other transport equipment was seen up by 137% compared to April. If you strip that out, industrial orders were only seen up by roughly 3.2% on the month.</p>

This article was written by Justin Low at www.forexlive.com.