New Zealand business confidence rose sharply in the third quarter, but actual trading activity remained soft. The data shows a GapA gap is an area on a price chart where the next period begins at a price that is separated from the previous period's trading range, leaving little or no trading activity...Read More between stronger expectations for future conditions and weaker current demand, highlighting continued challenges for businesses.
Germany's industrial orders fell 10.6% month on month in August after seasonal and calendar adjustment, according to Destatis figures reported by Reuters. Excluding large orders, the decline was only 0.1%. The three-month comparison showed orders rising 1.3% from the preceding period. The contrast between the headline and underlying measures is important for assessing the manufacturing outlook: this release does not show an equally steep decline across ordinary orders.
| Item | Value | Why it matters |
|---|---|---|
| F1 | CONFIRMED_FACT | Adjusted orders: -10.6% monthly; excluding large contracts: -0.1%; three-month comparison: +1.3%. |
| F2 | PIPLIX_INFERENCE | assess demand using both measures before treating this as a broad manufacturing collapse. |
