Investing.com - Industrial new orders in the euro zone rose unexpectedly in March, increasing for the first time in three months, official data showed on Wednesday.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 1.8% in March, defying expectations for a 0.1% drop, after falling by 1.2% in February.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.34% to trade at 1.2641.
Meanwhile, European stock markets were sharply lower. The EURO STOXX 50 fell 2%, France’s CAC 40 dropped 1.65%, Germany's DAX declined 1.75%, while London’s FTSE 100 sank 1.8%.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 1.8% in March, defying expectations for a 0.1% drop, after falling by 1.2% in February.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.34% to trade at 1.2641.
Meanwhile, European stock markets were sharply lower. The EURO STOXX 50 fell 2%, France’s CAC 40 dropped 1.65%, Germany's DAX declined 1.75%, while London’s FTSE 100 sank 1.8%.