Eurozone factory orders to rise by 1.0% M/M in May - TDS

Research Team at TDS, suggests that markets are looking for factory orders to rise by 1.0% M/M in May, making up half the losses from the 2.0% fall last month.

Key Quotes

“As always, we’ll be looking at the shipments data for better insight into our IP forecast for tomorrow. Our early model is pointing to a decline in IP in May, softer than consensus expectations for a small gain, so we’ll be watching for a fall shipments to confirm that forecast.”