Investing.com – Industrial new orders in the euro zone rose less-than-expected in February, official data showed on Wednesday.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 0.9% in February, after rising by 1.2% in January, whose figure was upwardly revised from 0.1%.
Analysts had expected industrial new orders to rise by 1.6% in February.
The report showed that the annualized rate of industrial new orders in the euro zone rose less-than-expected, increasing at a rate of 21.3% in February, after rising at a rate of 21.9% in January.
Analysts had expected the annualized rate of industrial new orders to rise 21.8% in February.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.25% to hit 1.4681.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 added 0.48%, France’s CAC 40 gained 0.35%, the FTSE 100 was down 0.15%, while Germany's DAX climbed 0.5%.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 0.9% in February, after rising by 1.2% in January, whose figure was upwardly revised from 0.1%.
Analysts had expected industrial new orders to rise by 1.6% in February.
The report showed that the annualized rate of industrial new orders in the euro zone rose less-than-expected, increasing at a rate of 21.3% in February, after rising at a rate of 21.9% in January.
Analysts had expected the annualized rate of industrial new orders to rise 21.8% in February.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.25% to hit 1.4681.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 added 0.48%, France’s CAC 40 gained 0.35%, the FTSE 100 was down 0.15%, while Germany's DAX climbed 0.5%.