German Factory Orders drop 0.4% MoM in Oct vs. +0.3% exp., EUR/USD little changed

• German Factory Orders drop 0.4% MoM in October.
• German Factory Orders fall 5.5% YoY in October.

About German Factory Orders

The Factory orders released by the Deutsche Bundesbank is an indicator that includes shipments, inventories, and new and unfilled orders. An increase in the factory order total may indicate an expansion in the German economy and could be an inflationary factor. It is worth noting that the German Factory barely influences, either positively or negatively, the total Eurozone GDP. A high reading is positive (or bullish) for the EUR, while a low reading is negative.