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What is German Factory Order and the importance of data

Posted by : NIFM
4 June, 2016, 4:32 PM
Germean Factory Orders is the Change in the total value of new purchase orders placed with manufacturers. Which is realeased on the monthly basis. It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders. If Actual is greater than Forecast it is Good for currency. This data is medium impact data which is important for Euro, USD, Bullion. Trades must care about this data because if the actual data will change more than the forecast it will affect, depending of the actual data it will affect.


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