German factory orders see a broader pick up again in May
Industrial orders +1.9% vs +1.5% m/m expected Prior -3.8%; revised to -3.2% It’s a modest rebound in German manufacturing orders, after the more disappointing April figures which owed to the effect of dissipating stockpiling and advanced ordering in the first month of the US-Iran conflict. Even if excluding large orders, new orders were seen up
















