Eurozone new orders in shock rise

first_img whatsapp Eurozone new orders in shock rise More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale KCS-content Share Tags: NULL Wednesday 23 February 2011 8:39 pm INDUSTRIAL orders in the Eurozone defied expectations in the final month of 2010, official data revealed yesterday.The new orders index, compiled by the European Union’s statistics office Eurostat, jumped by 2.2 per cent in December, compared to the previous month.Across the European Union as a whole, industrial orders rose by 2.5 per cent from November to December.Compared to December 2009, new orders grew 18.5 per cent in both the single currency area and across the whole 27 country EU.“This rather surprising outcome is due to very strong monthly readings coming out of Italy up [9.1 per cent], France [up 7.5 per cent] and Netherlands [up 9.7 per cent],” said Fabio Fois of Barclays Capital.These results more than offset drops in new orders in Germany (-2.9 per cent) and Ireland (12.4 per cent), Fois said.Despite Germany’s monthly drop, over the last quarter of the year the Eurozone’s largest economy saw industrial orders rise three per cent.“Yet orders for durable consumer goods fell a further 2.3 per cent in December after dropping 1.5 per cent in November,” warned Howard Archer of IHS Global Insight. “This fuels the view that Eurozone consumers remain reluctant to spend on big-ticket items and are a weak link in economic activity.” Show Comments ▼ whatsapp last_img

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