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Currency Analyst since 2010

German data: really an improvement?

German factory orders rose by 4.6% in July after declining by 2.7% in the previous month.

Analysts at Commerzbank, however, think that it doesn’t yet mean that the recent phase of weakness is over. In their view, the period of holidays was late this summer, probably in August, so they expect a decline when the data for the final month of summer come out.

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