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Forex Flash: German trade activity quite underwhelming in November – TD Securities

By FXstreet.com,  January 08, 2013, 06:41:00 AM EDT

FXstreet.com (Barcelona) - The seasonally adjusted trade surplus in Germany slipped from €15.1bn to €14.5bn in November, with softening exports (-3.4%) and imports (-3.3%). "So overall trade activity was quite underwhelming during the month", wrote analyst Jacqui Douglas, pointing also to little weaker than expected factory orders for November, at -1.8% (MoM) against a consensus of -1.4%, retracing part of October's 3.8% gains.

"The shipments figures  are delayed at the source, but when they are released will give us a good idea of what to expect for tomorrow's industrial production report", Douglas added, forecasting a lower value than the 1.0% consensus.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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