Investing.com – Industrial new orders in the euro zone fell more-than-expected in September, official data showed on Wednesday.
In a report, Eurostat said that industrial new orders fell by a seasonally adjusted 3.8% in September, after rising by 5.1% in August, whose figure was revised down from 5.3%.
Analysts had expected industrial new orders to decline by 2.7% in September.
The report also showed that the annualized rate of industrial new orders in the euro zone rose by 13.5% in September, after rising by 24.7% in August. Analysts had expected the annualized rate of industrial new orders to rise by 15.3% in September.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD declining 0.44% to hit 1.3314.
Meanwhile, European stock markets were mixed: The EURO STOXX 50 fell 0.12%, France’s CAC 40 dropped 0.06%, the FTSE 100 gained 0.20% and Germany's DAX was up 0.29%.
In a report, Eurostat said that industrial new orders fell by a seasonally adjusted 3.8% in September, after rising by 5.1% in August, whose figure was revised down from 5.3%.
Analysts had expected industrial new orders to decline by 2.7% in September.
The report also showed that the annualized rate of industrial new orders in the euro zone rose by 13.5% in September, after rising by 24.7% in August. Analysts had expected the annualized rate of industrial new orders to rise by 15.3% in September.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD declining 0.44% to hit 1.3314.
Meanwhile, European stock markets were mixed: The EURO STOXX 50 fell 0.12%, France’s CAC 40 dropped 0.06%, the FTSE 100 gained 0.20% and Germany's DAX was up 0.29%.