Investing.com – Industrial new orders in the euro zone rose less-than-expected in October, official data showed on Wednesday.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 1.4% in October, after declining by 4.2% in September, whose figure was revised from a decline of 3.8%.
Analysts had expected industrial new orders to rise by 1.6% in October.
The report also showed that the annualized rate of industrial new orders in the euro zone rose by 14.8% in November, after rising by 13.5% in September. Analysts had expected the annualized rate of industrial new orders to rise by 18.4% in October.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD slumping 0.36% to hit 1.3260.
Meanwhile, European stock markets were broadly lower: The EURO STOXX 50 dropped 1.25%, France’s CAC 40 tumbled 0.99%, the FTSE 100 shed 0.27% and Germany's DAX was down 1.31%.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 1.4% in October, after declining by 4.2% in September, whose figure was revised from a decline of 3.8%.
Analysts had expected industrial new orders to rise by 1.6% in October.
The report also showed that the annualized rate of industrial new orders in the euro zone rose by 14.8% in November, after rising by 13.5% in September. Analysts had expected the annualized rate of industrial new orders to rise by 18.4% in October.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD slumping 0.36% to hit 1.3260.
Meanwhile, European stock markets were broadly lower: The EURO STOXX 50 dropped 1.25%, France’s CAC 40 tumbled 0.99%, the FTSE 100 shed 0.27% and Germany's DAX was down 1.31%.