BRUSSELS, Jan 25 (Reuters) - Growth in euro zone industrial new orders for November was revised up on Monday to 2.7 percent month-on-month from a previously reported 1.6 percent, following an upwards correction of the data for Germany.
Germany said on Friday that the country's orders rose 2.8 percent month-on-month, up from a previously reported gain of 0.2 percent, the increase chiefly due to a correction in the volume of investment goods ordered from outside the euro zone.
The European Union statistical office said on Monday that November orders in the 16-country currency area fell 0.5 percent year-on-year, compared with the previously reported 1.5 percent decline.
The upwards revision bodes well for economic growth in the last quarter of 2009 and early this year. Some economists say a nascent expansion may have faltered despite government efforts to overcome the worst financial crisis in decades.
Industrial new orders point to trends in economic activity as they translate into production over the coming months.
According to the latest figures, new orders for intermediate goods increased by 2.3 percent on the month, capital goods by 1.1 percent, durable consumer goods by 0.6 percent and non-durable consumer goods by 0.8 percent. (Reporting by Marcin Grajewski, editing by Dale Hudson)