Eurozone Industrial Orders Fall In October

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Eurozone industrial orders declined 2.2% month-on-month in October, the first drop in seven months, data released by the Eurostat showed Wednesday. Economists had forecast a 1% fall. It follows upwardly revised increase of 1.7% in September.

On an annual basis, industrial orders decreased 14.5% in October following a revised 16.3% fall in September. However, the fall was more than the expected 11% decline.

Eurozone industrial orders declined 2.2% month-on-month in October, the first drop in seven months, data released by the Eurostat showed Wednesday. Economists had forecast a 1% fall. It follows upwardly revised increase of 1.7% in September. (Market News Provided by RTTNews)