European industrial orders higher than expected…
The Eurostat reported today that euro area industrial new orders grew by 1.9% from November to December 2011, highly exceeding expectations for only 0.6% increase.
In November reading showed 1.1% decline.
For the whole 27 European Union countries, new industrial orders improved by 1.3% in December.
In a yearly capture, in December 2011 index fell by 1.7% equally in both areas.