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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Factory Orders YoY held to 2.0% in September 2013
DestatisMonthlyReleased September 2013
Germany Factory Orders YoY held to 2.0% in September 2013. The reading missed the 2.7% consensus by 0.7%. The print is running well above the 12-month average of -0.97%. Factory Orders YoY is now the highest in 6 months.
Latest Release
2
Actual
2.7
Consensus
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| DAX | ▲ Direct | +0.55 | INDEX | Bullish DE | → View |
| EUR/USD | ▲ Direct | +0.50 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/CHF | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Factory Orders YoY (Germany) was reported at 6.8% in January 2014.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with DAX (Bullish DE). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Bundesbank Nagel Speech (Jun 15) and ZEW Economic Sentiment Index (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update January 2014.
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Factory Orders YoY - DE
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About Factory Orders YoY — Germany
DEFINITION
Factory Orders YoY is a financial indicator that measures the change in the total value of new orders placed with manufacturers over the past year. It provides valuable insight into the overall demand for goods and can be used to assess the health of the manufacturing sector and the broader economy. A positive YoY change indicates an increase in orders, while a negative change suggests a decrease in demand. This indicator is closely monitored by investors and policymakers as it can impact stock prices and inform economic policies.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2014): actual 6.8 %. Prior reading (Sep 2013): 2 %. Before that (May 2013): -0.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with DAX (Bullish DE, r=0.55) — a useful reference for index-focused traders.