Investing.com – Industrial new orders in the euro zone rose significantly more-than-expected in August, rising for the first time in three months, official data showed on Monday.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 1.9% in August, blowing past expectations for a 0.1% increase.
July’s figure was revised to a 1.6% decline from a previously reported 2.1% drop.
The report showed that the annualized rate of industrial new orders in the euro zone rose 6.2% in August, above expectations for a 5.8% increase, after rising at a rate of 8.9% in the previous month.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD slumping 0.28% to trade at 1.3856.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 dipped 0.1%, France’s CAC 40 shed 0.25%, the FTSE 100 added 0.25%, while Germany's DAX rose 0.45%.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 1.9% in August, blowing past expectations for a 0.1% increase.
July’s figure was revised to a 1.6% decline from a previously reported 2.1% drop.
The report showed that the annualized rate of industrial new orders in the euro zone rose 6.2% in August, above expectations for a 5.8% increase, after rising at a rate of 8.9% in the previous month.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD slumping 0.28% to trade at 1.3856.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 dipped 0.1%, France’s CAC 40 shed 0.25%, the FTSE 100 added 0.25%, while Germany's DAX rose 0.45%.