Eurozone Dec. Industrial New Orders Growth Slows

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Eurozone's industrial new orders increased 0.8% month-on-month in December, slower than the 2.7% growth in the previous month, the Eurostat said on Wednesday. Economists were looking for an increase of 1%.

Year-on-year, industrial new orders climbed 9.5% in December, compared to the 0.6% fall in the previous month, revised from 0.5% drop estimated initially. Economists expected an increase of 7.6%.

Industrial new orders, excluding ships, railway & aerospace equipment fell 0.4% on a monthly basis and was up 8.1% over a year ago.

In EU27, industrial new orders rose 6.3% on an annual basis in January and was up 0.6% compared to the preceding month.

Eurozone's industrial new orders increased 0.8% month-on-month in December, slower than the 2.7% growth in the previous month, the Eurostat said on Wednesday. Economists were looking for an increase of 1%. (Market News Provided by RTTNews)