EU - Industrial new orders up by 2.0% in January; 7,3% YoY
FXstreet.com (Barcelona) - Demand for industrial goods produced in EuroZone has increased in January well above expectations due to transport equipment's sector jump, according to the Eurostat's latest report.
New order have increased by 2.0% from December to January, instead of the 0.2% increases expected by market analysts, an increased that follows a 3,6 decreases in December. New orders for transport equipment rose by 6.2% in January and machinery & equipment grew by 2.4%.
Year to Year, industrial new orders increased by 7,3% en January, new orders for transport equipment increased by 14.7% in the EuroZone, Manufacturing of machinery & equipment grew by 8.3% and Electrical & electronic equipment rose by 5.6% respect to January 2007.
Total industry, excluding ships, railway & aerospace equipment grew by 5,8% in January