Technicals

FXstreet.com (Barcelona) - Factory orders in Germany has decreased unexpectedly in May swept by domestic demand, according data provide by the German Federal Ministry of Economics and Technology.

Between April and May, factory orders falls 0.9%, a better rate than 1.8% decreases posted last month. Market was expected an increase of 0.8%.

Domestic demand was posted a 2.7% decreases in May, as a principal reason of the factory orders drop. On the other hand, Foreign orders up 0.8%.

Year to year, Factory orders dropped 2.0% in May, unexpectedly from the 2.0% increases awaited for market experts. May data was well bellow from 15.0% of growth in April.