Pantheon Macroeconomics - The forecasts compiled by Bloomberg for today's June German factory orders data look too timid to us.  The consensus is pencilling in a 0.5% month-to month rise, which would push the year-over-year rate down to -2.1%, from zero in May.  But survey data point to an increase in year-over-year growth, which would require a large month-to-month rise due to base effects from last year.

Eurozone Documents | 5 August. 2016 German Manufacturing Orders Likely Jumped at the End of Q2
The forecasts compiled by Bloomberg for today's June German factory orders data look too timid to us. The consensus is pencilling in a 0.5% month-to month rise, which would push the year-over-year rate down to -2.1%, from zero in May. But survey data point to an increase in year-over-year growth, which would require a large month-to-month rise due to base effects from last year.

Sorry, but our website is best viewed on a device with a screen width greater than 320px. You can contact us at: info@pantheonmacro.com.

5 August. 2016 German Manufacturing Orders Likely Jumped at the End of Q2

By Claus Vistesen

The forecasts compiled by Bloomberg for today's June German factory orders data look too timid to us. The consensus is pencilling in a 0.5% month-to month rise, which would push the year-over-year rate down to -2.1%, from zero in May. But survey data point to an increase in year-over-year growth, which would require a large month-to-month rise due to base effects from last year.

Posted: 5th Aug 2016 in 'Eurozone Documents'

This document is only available to subscribers of our Eurozone Economic Research.

Request a complimentary trial or login here

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release. To activate a complimentary trial on any of these areas, please click here.

U.S. Economic ResearchEurozone Economic ResearchLatin America Economic ResearchUK Economic ResearchAsia Economic Research

« Go back to publications list, or Click here to register for a complimentary trial
Consistently Right

Access Key Enabled Navigation

Keywords for: Eurozone Documents | 5 August. 2016 German Manufacturing Orders Likely Jumped at the End of Q2

gdp, cpi, ez, euro, eurozone, domestic orders, consumer goods, manufacturing, pantheon macroeconomics, pantheon, macroeconomic, macroeconomics, independent advice, independent analysis, independent macroeconomic researcj, independent, analysis, research, economic intelligence, economy, economic, economics, economists, Dr. Ian Shepherdson, Ian Shepherdson, financial market, financial, market, finance, macro, macro research, independent macro research