Monday, August 24, 2009

European New Orders Above Forecast

RTT News reports:

Eurozone industrial new orders increased 3.1% month-on-month in June, after falling 0.5% in May, the Eurostat said on Monday. The new orders in May was revised from 0.2% fall reported initially. Economists were looking for an increase of 1.7%.

On an annual basis, industrial new orders dipped 25.1% in June, compared with a 30.3 fall in the previous month, revised from 30.1% decline estimated initially. In EU27, industrial new orders dropped 24% annually in June, and it was down 0.4% compared to the preceding month.

Source: Eurostat

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