Investing.com – Industrial new orders in the euro zone declined in November, albeit at a slower pace than expected official data showed on Tuesday.
In a report, Eurostat said that industrial new orders fell by a seasonally adjusted 1.3% in November, beating expectations for a 2.2% drop.
Industrial new orders for October were revised down to a 1.5% gain from a previously reported increase of 1.8%.
The report showed that the annualized rate of industrial new orders in the euro zone fell 2.7% in November, in line with expectations, after rising at a rate of 1.6% in the previous month.
Following the release of the data, the euro pared gains against the U.S. dollar, with EUR/USD easing up 0.03% to trade at 1.3017.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 fell 0.8%, France’s CAC 40 declined 0.65%, London’s FTSE 100 shed 0.65%, while Germany's DAX dropped 0.9%.
In a report, Eurostat said that industrial new orders fell by a seasonally adjusted 1.3% in November, beating expectations for a 2.2% drop.
Industrial new orders for October were revised down to a 1.5% gain from a previously reported increase of 1.8%.
The report showed that the annualized rate of industrial new orders in the euro zone fell 2.7% in November, in line with expectations, after rising at a rate of 1.6% in the previous month.
Following the release of the data, the euro pared gains against the U.S. dollar, with EUR/USD easing up 0.03% to trade at 1.3017.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 fell 0.8%, France’s CAC 40 declined 0.65%, London’s FTSE 100 shed 0.65%, while Germany's DAX dropped 0.9%.