Wednesday, November 22, 2006

Forex News: Euro Zone industrial orders decrease 1.3%

Forex News

According to the Eurostat agency data, new industrial orders in the European Monetary Union countries have dropped by 1.3% in September in consequence of bad figures on German and Italian orders.

This reading follows two consecutive strong increases on industrial orders, august figures have been revised up to 3.8% from the initial 3.7%. September’s fall has been smoother than expected. Economists forecasted a 2.0% decrease in orders.

In the last year, Euro Zone industrial orders have increased by 7.6%, after the increasing in August by 14.5%.


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