Engineering assoc WDMA release July machine orders
– Total orders +18.0% vs -4% prior y/y
– Domestic +43% vs 7% prior
– Export +5% vs -9% prior
It smells of a one off and VDMA chief economist notes an “unusually large volume of orders from Germany and Eurozone” That 51% jump was offset by an over 9% decline from non-EZ states