trending Market Intelligence /marketintelligence/en/news-insights/trending/MDkeJ3SoAqUN6qJgO3-ENA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

German factory orders rebound in June over demand from non-eurozone nations

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive


German factory orders rebound in June over demand from non-eurozone nations

German factory orders rose more than expected in June on the back of strong foreign demand, though orders from eurozone countries dropped for the third month in a row, provisional data from the Federal Statistical Office showed.

New orders grew 2.5% month over month in June, after price, seasonal and calendar adjustments, following a revised 2.0% decline in May.

June's rebound was higher than the Econoday consensus estimate of a 0.6% monthly rise.

Domestic orders fell 1.0% and foreign orders increased 5.0%. New orders from the euro area dropped 0.6% and those from other countries increased 8.6%.

Compared to a year ago, new orders fell 3.6% in June after price and calendar adjustments.

"The continued weakening of demand from other eurozone countries suggests that the biggest problem for German industry might not be the weaker global economy but rather a new weakening of the eurozone," wrote Carsten Brzeski, chief economist at ING Germany.

Signs of eurozone weakness "will clearly ring more alarm bells at the European Central Bank," which recently hinted at more stimulus measures to spur growth across the eurozone.