FXstreet.com (Barcelona) - Good news for the Euro Zone industrial sector, as new orders have beaten expectations in February, boosted ships, railway and aerospace equipment according to figures released by Eurostat.
Industrial new orders have increased 0.6% in February from January, and they have posted a 9.9% jump from February 2007, figures far better than the -0.4% monthly, and the 5.7% yearly rise expected by the market.
Excluding ships, railway and aerospace equipment, new orders would have declined 0.3% on the month, and they would have posted a 7.2% rise year on year. Transport equipment orders increased 16.6% year on year, while electronic equipment orders rose 10.6% on the year. The largest monthly changes have been orders for electrical equipment, 1.8% up and textiles and textile products, 1.7% up from January.