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Industrial Orders (Sep 2019) Preview....>

GERMAN DATA
MNI (London)
GERMAN DATA: Industrial Orders (Sep 2019) Preview - 07:00 BST
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- Bloomberg Consensus: 0.1% m/m, -6.3% y/y; Prev (Aug): -0.6% m/m, -6.7% y/y. 
- German factory orders are forecast to rebound in Sep with markets pencilling
in a meagre 0.1% m/m uptick. 
- M/M orders slumped to -2.1% in Jul before falling by 0.6% in Aug 
- The annual rate is forecast to improve slightly, however the indicator has
been in negative territory since July 2018. 
- Fwd-looking survey evidence suggests a cloudy outlook: 
- Germany's manuf PMI ticked up marginally in Oct, however the index remains at
low levels with the survey stating that new orders fell for 13-months straight. 
- Meanwhile, the European Commission's ESI registered a 75-month low of
industrial confidence and the ifo business climate stagnated in Oct. 
- The outlook remains bleak as global growth weakens and uncertainty regarding
global trade and Brexit continue to loom large.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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