BREAKING: Germany factory orders lower than expected 📌

German factory orders data for August was released this morning at 7:00 am GMT. The report was expected to show a 2% month-over-month plunge in orders.

German Factory Orders: actual -5.8% MoM; forecast -2% MoM; previous 2.9% MoM;

The actual report showed an 5.8% month-over-month slump, adding to recent string of downbeat reports from the German economy. EUR ticked lower after the data.

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