Germany Factory Orders Disappointment Portends Weaker 3Q: Scotia
Source: BFW (Bloomberg First Word)
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Frederic Pretet (Bank of Nova Scotia/The)
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UUID: 7947283
(Bloomberg) -- German factory orders were weaker than expected for the fourth-straight month in July, increasing the risk that the reality of the recovery does not match expectations in 3Q, Scotiabank strategist Frederic Pretet writes in e-mailed comments.
Alert: HALISTER1- Data release surprising as the IFO indicator rose in the early summer; latest IFO dropped sharply, so further weakness may be seen
- Weak trend in factory orders brings downside risk to German industrial production data due tomorrow
- Risk of negative July data after the rise in June
Source: BFW (Bloomberg First Word)
People
Frederic Pretet (Bank of Nova Scotia/The)
To de-activate this alert, click here
UUID: 7947283