Investing.com – Industrial new orders in the euro zone fell more-than-expected in March, official data showed on Tuesday.
In a report, Eurostat said that industrial new orders fell by a seasonally adjusted -1.8% in March, after rising by 0.5% in February, whose figure was downwardly revised from 0.9%.
Analysts had expected industrial new orders to fall by -1.1% in March.
The report showed that the annualized rate of industrial new orders in the euro zone rose more-than-expected, increasing at a rate of 14.1% in March, after rising at a revised rate of 21.5% in February.
Analysts had expected the annualized rate of industrial new orders to rise 12.9% in March.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.25% to hit 1.4084.
Meanwhile, European stock markets were higher. The EURO STOXX 50 climbed 0.45%, France’s CAC 40 rose 0.4%, the FTSE 100 was up 0.3%, while Germany's DAX advanced 0.65%.
In a report, Eurostat said that industrial new orders fell by a seasonally adjusted -1.8% in March, after rising by 0.5% in February, whose figure was downwardly revised from 0.9%.
Analysts had expected industrial new orders to fall by -1.1% in March.
The report showed that the annualized rate of industrial new orders in the euro zone rose more-than-expected, increasing at a rate of 14.1% in March, after rising at a revised rate of 21.5% in February.
Analysts had expected the annualized rate of industrial new orders to rise 12.9% in March.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.25% to hit 1.4084.
Meanwhile, European stock markets were higher. The EURO STOXX 50 climbed 0.45%, France’s CAC 40 rose 0.4%, the FTSE 100 was up 0.3%, while Germany's DAX advanced 0.65%.