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Eurozone's industrial new orders rose 2.6% month-on-month in July, slower than a revised 4% rise the previous month, the Eurostat said Wednesday. Economists expected a 2% growth. New orders rose mainly due to a 5.6% increase in orders for durable consumer goods.
On a yearly basis however, new orders fell 24.3%, but slower than a 25.7% decline in the preceding month. Economists expected a 25.9% drop. All industrial groups showed a fall in orders, with orders for capital goods showing the maximum fall of 27.7%.
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