German's factory orders still looking for direction

In April, factory orders is expected to rise by a weak 0.2% mom, following a 0.9% increase in March. 

"While foreign orders should drop sizeable due to the 4.3% bounce in March, domestic orders should recover equally strongly following the surprisingly weak development in Q1. This weakness in domestic orders is  attributed to another round of jitteriness over the strength of the recovery, with PMI data disappointing for a few months", according to Societe Generale. 

Data for private consumption and investment however suggest no obvious reasons for the slowdown in orders. Foreign orders however, may well remain muted for some time as global demand and trade struggles.