FXstreet.com (Barcelona) – Industrial new orders have dropped sharper than expected in the Euro Zone in July, in a sign of the sector's weakening righ before the crisis in the financial markets, and even before the euro’s recent appreciation.
New orders have decreased 4.0% on the month, a lager than expected decrease, as the experts had forecasted a 3.2% fall in orders. On the year, New orders have increased 10.9%.
The decline has been specially strong in the volatile transport equipment sector, where orders decreased 16.0% on the month, after having increased 15.6% in June.
Source: fxstreet.com
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