German industrial orders rebounded in May
From the original
https://think.ing.com/snaps/german-industrial-orders-may26/
Related speeches
4 itemsGerman industrial orders rebounded in May
The recent uptick in German industrial orders in May, reported to have risen by 1.9% month-on-month after a notable decline in April, suggests a tentative recovery phase for the German manufacturing sector. Per the full note from ING, this rebound can partially be attributed to shifts in international order channels due to geopolitical tensions in the Middle East, impacting trade dynamics positively for German firms. Such a trend hints at resilience in the sector despite earlier fears regarding supply chain disruptions. The desk observes that while there is a glimmer of recovery, the broader momentum remains sluggish following last year's defensive-driven rebound. With no upcoming high-impact events for Germany, traders should monitor this development's potential influence on the EUR's trajectory, particularly against the USD.