Investing.com – Industrial new orders in the euro zone fell more-than-expected in July, official data showed on Wednesday.
In a report, Eurostat said that industrial new orders fell by a seasonally adjusted 2.4% in July, after increasing by 2.4% in June, whose figure was revised down from 2.5%.
Analysts had expected industrial new orders to fall by 1.2% in July.
The report also showed that the annualized rate of industrial new orders in the euro zone rose by 11.2% in July, after rising by 22.6% in June.
Analysts had expected the annualized rate of industrial new orders to rise by 16.2% in July.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.69% to hit 1.3357.
In a report, Eurostat said that industrial new orders fell by a seasonally adjusted 2.4% in July, after increasing by 2.4% in June, whose figure was revised down from 2.5%.
Analysts had expected industrial new orders to fall by 1.2% in July.
The report also showed that the annualized rate of industrial new orders in the euro zone rose by 11.2% in July, after rising by 22.6% in June.
Analysts had expected the annualized rate of industrial new orders to rise by 16.2% in July.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.69% to hit 1.3357.