European industrial orders higher than expected…

Wednesday, 22 February 2012 02:56

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.