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MNI: GERMAN DATA: Industrial Orders (Mar 2019).......>

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MNI: GERMAN DATA: Industrial Orders (Mar 2019) Preview - 07:00 BST
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- Bloomberg Consensus: 1.5% m/m, -5.4% y/y; MNI Median: 1.0% m/m, -5.9% y/y;
Previous (Feb): -4.2% m/m, -8.4% y/y
- Orders expected to recover partially in Mar after sharp declines in Jan & Feb
- Nevertheless, the projected 1.5% m/m gain would leave average Q1 orders down
4.0% q/q, after a small 0.5% rise in Q4
- Coupled with further weakness in Apr surveys (man PMI & Ifo), the latest
indicators suggest the much-awaited German industrial turnaround remains elusive
- However, Chinese stimulus measures appear to be bolstering demand... 
- ... fuelling hopes of a German manufacturing recovery in H2
- Nevertheless, a number of challenges continue to weigh on the industrial
outlook...
- ... including ongoing difficulties for car manufacturers in converting to new
emission standards & various geopolitical uncertainties (e.g. Brexit, US
tariffs, oil price volatility)

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