Thursday, April 23, 2009

European Manufacturing Crash - February

Marketwatch reports:

Euro-zone industrial new orders posted a smaller-than-expected monthly fall in February, but were still down by a record amount compared to the same month last year. The statistics agency Eurostat on Thursday said new orders fell 0.6% from January. Compared to February 2008, new orders were down 34.5%. Economists had forecast a 2.5% monthly drop and a 34.9% year-on-year decline.


Source: Eurostat