German Factory Orders m/m

MeasuresChange in the total value of new purchase orders placed with manufacturers;
Usual Effect'Actual' greater than 'Forecast' is good for currency;
FrequencyReleased monthly, about 35 days after the month ends;
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Why Traders
It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders;
Also CalledIndustrial Orders, Manufacturing Orders;