BREAKING: DAX ticks higher after better factory orders!

In August 2023, real new orders in manufacturing surged by 3.9% on a monthly basis after adjusting for seasonal and calendar factors, with notable changes including:

A significant 37.9% increase in the "manufacture of computer, electronic, and optical products" sector, primarily driven by order growth in electronic components for both domestic and foreign markets.
Growth in new orders for the manufacture of electrical equipment by 8.7% and a 4.0% increase in the pharmaceutical industry.
However, the automotive industry saw a slight decline in orders by 0.7%, exerting a minor negative influence.
New orders in the intermediate goods sector and consumer goods sector rose by 9.3% and 8.8%, respectively.
Foreign orders increased by 3.9%, with both euro area and global orders experiencing a 3.9% uptick, while domestic orders saw a 4.0% rise.

Additionally, it's worth noting that the July 2023 figures were revised, showing a sharp 11.3% decrease in new orders compared to June 2023. Nonetheless, the three-month comparison indicated a 4.9% increase in new orders from June to August 2023 compared to the previous three months.

Source: xStation 5

11 May 2026, 7:55 AM

What to look out for this week❓

11 May 2026, 6:40 AM

Morning Wrap: Iran's peace proposal “UNACCEPTABLE”; markets take a hit ❗💥

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8 May 2026, 4:55 PM

🔴 Three markets to watch next week: EURUSD, CH50cash, OIL (08.05.2026)

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