Investing.com – Industrial new orders in the euro zone rose significantly less-than-expected in January, official data showed on Wednesday.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 0.1% in January, after rising by 2.7% in December, whose figure was revised up from 2.1%.
Analysts had expected industrial new orders to rise by 1.3% in January.
The report also showed that the annualized rate of industrial new orders in the euro zone rose less-than-expected, increasing 20.9% in January, after rising at a rate of 19.3% in December.
Analysts had expected the annualized rate of industrial new orders to rise 21.4% in January.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD dipping 0.03% to hit 1.4194.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 added 0.18%, France’s CAC 40 gained 0.42%, the FTSE 100 was up 0.38%, while Germany's DAX dipped 0.05%.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 0.1% in January, after rising by 2.7% in December, whose figure was revised up from 2.1%.
Analysts had expected industrial new orders to rise by 1.3% in January.
The report also showed that the annualized rate of industrial new orders in the euro zone rose less-than-expected, increasing 20.9% in January, after rising at a rate of 19.3% in December.
Analysts had expected the annualized rate of industrial new orders to rise 21.4% in January.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD dipping 0.03% to hit 1.4194.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 added 0.18%, France’s CAC 40 gained 0.42%, the FTSE 100 was up 0.38%, while Germany's DAX dipped 0.05%.